Multiple Choice
According to the aggregate demand and aggregate supply model, in the long run an increase in the money supply leads to
A) increases in both the price level and real GDP.
B) an increase in real GDP but does not change the price level.
C) an increase in the price level but does not change real GDP.
D) no change in either the price level or real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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