Multiple Choice
As a result of an increase in the growth rate of the money supply:
A) real GDP growth increases only in the short run,and the inflation rate increases in both the short run and the long run.
B) real GDP growth increases only in the long run,and the inflation rate increases only in the short run.
C) real GDP growth increases in both the short run and the long run,and the inflation rate increases only in the short run.
D) both the real growth and the inflation rate increase only in the short run.
Correct Answer:
Verified
Correct Answer:
Verified
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