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A Core Belief of Modern Macroeconomics Is That in the Long

Question 16

Multiple Choice

A core belief of modern macroeconomics is that in the long run,


A) a change in money growth will affect the level of output, but not its composition.
B) a change in money growth will affect the composition of output, but not its level.
C) output can deviate permanently from its natural level.
D) a change in fiscal policy will not affect the composition of output.
E) greater saving will result in greater output.

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