Multiple Choice
Which of the following is most likely to happen in the short run?
A) The price level alone adjusts to balance the supply and demand for money.
B) Output responds to changes in the aggregate demand for goods and services.
C) Changes in the money supply cause a proportional change in the price level.
D) Changes in the money supply shift the aggregate supply curve, causing output to rise.
Correct Answer:
Verified
Correct Answer:
Verified
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