According to AD-AS Model, the Primary Long-Run Effect of Increases

question 20

Multiple Choice

According to AD-AS model, the primary long-run effect of increases in the money supply is

• A)higher price level.
• B)higher GDP.
• C)lower price level.
• D)lower GDP.

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Definitions:

Keratinized

Having become a structure that contains keratin, a protein found in skin, hair, nails, and horns.

Columnar

Shaped like a column.

Transitional

Relating to a process or period of changing from one state or condition to another.

Keratinized Squamous Epithelium

A type of epithelial tissue characterized by layers of cells that have undergone keratinization, providing a waterproof barrier.