Multiple Choice
If the demand for money increases, but the Fed keeps the money supply the same, then in the short run output will:
A) fall and in the long run prices will remain unchanged.
B) remain unchanged and in the long run prices will fall.
C) remain unchanged and in the long run prices will remain unchanged.
D) fall and in the long run prices will fall.
Correct Answer:
Verified
Correct Answer:
Verified
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