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According to Monetarists,if the Economy Is Initially in Long-Run Equilibrium,an

Question 123

Multiple Choice

According to monetarists,if the economy is initially in long-run equilibrium,an increase in the money supply will __________ the price level and Real GDP in the short run,and will __________ only __________ in the long run.


A) lower; lower; the price level
B) raise; raise; Real GDP
C) raise; lower; Real GDP
D) raise; raise; the price level
E) raise; raise; the unemployment rate

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