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
D
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Norah works as a content writer for an online magazine. Because her work is not evaluated daily, she often spends her time playing online games, which adversely affects the quality of her work
a) What is the term used to refer to such behavior? b) What is the solution to this problem? Explain your answer.
An asset is
A) the same thing as a liability. B) a thing of value that can be owned. C) money, as opposed to stock or bonds. D) anything that never declines in value.
The text discusses the projected increases in the claims on the economy by entitlement programs between the mid 1990s and 2035 . It argues that
a. the projected growth of Medicare claims far outstrips that of Social Security b. as a percentage of GDP, both Medicare costs and Social Security costs will fall c. age and health-care demands are related with the majority of claimants being the young d. the rate of growth of Social Security payments will be higher than the rates for either Medicare and Medicaid e. Social Security and Medicare costs will remain at about the same percent of GDP
An increase in the demand for loanable funds increases the equilibrium interest rate and increases the equilibrium level of saving
a. True b. False Indicate whether the statement is true or false