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The Economy Is in Long-Run Equilibrium When Senator Soldout Argues

Question 14

Multiple Choice

The economy is in long-run equilibrium when Senator Soldout argues that the Fed should do more to fight unemployment.He argues that if the Fed increased the money supply faster,more workers would find jobs.The Senator's argument


A) is completely correct.
B) is completely wrong.
C) is true for the short run but not the long run.
D) is true for the long run but not the short run.

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