In the Long Run, One-Time Increases or Decreases in the Nominal

question 29

Multiple Choice

In the long run, one-time increases or decreases in the nominal money supply affect

• A)real output, but not the price level.
• B)the price level, but not real output.
• C)both real output and the price level.
• D)neither real output nor the price level.

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Definitions:

Sushi Restaurants

Eateries specializing in the preparation and serving of sushi, a Japanese dish featuring vinegared rice combined with various ingredients such as seafood and vegetables.

McDonald's

A global fast food restaurant chain known for its burgers, fries, and as a symbolic representation of American capitalism.

Cultural Diffusion

The transmission of cultural values and societal practices among different groups.

Material Culture

The physical objects, resources, and spaces that people use to define their culture, including buildings, artworks, tools, and clothing.