According to the model of aggregate demand and supply, in the long run an increase in the money supply would cause: a) Prices and outputs to fall b) Prices to fall and outputs to rise c) Prices to rise and outputs to fall d) Prices to rise and outputs to remain unchanged e) None of the above
According to the model of aggregate demand and supply, in the long run an increase in the money supply would cause: a) Prices and outputs to fall b) Prices to fall and outputs to rise c) Prices to rise and outputs to fall d) Prices to rise and outputs to remain unchanged e) None of the above
Chapter27: Issues In Macroeconomic Theory And Policy
Section: Chapter Questions
Problem 5P
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Question
According to the model of aggregate
a) Prices and outputs to fall
b) Prices to fall and outputs to rise
c) Prices to rise and outputs to fall
d) Prices to rise and outputs to remain unchanged
e) None of the above
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