In the New Keynesian Approach, an Increase in the Nominal

question 9

Multiple Choice

In the new Keynesian approach, an increase in the nominal money supply

• A)raises real balances in the short run but not in the long run.
• B)raises real balances in the long run but not in the short run.
• C)raises real balances in both the short and long runs.
• D)does not raise real balances in either the short or long runs.

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