In the Long Run, What Effect Does an Increase in the Money

question 77

Multiple Choice

In the long run, what effect does an increase in the money supply have on prices and unemployment?

• A) It leaves prices and unemployment unchanged.
• B) It lowers prices and unemployment.
• C) It raises prices and leaves unemployment unchanged.
• D) It leaves prices unchanged and reduces unemployment.

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Definitions:

Congressional Leadership

Refers to the leaders in the United States Congress, including the Speaker of the House, Majority and Minority Leaders, and Whips, who guide legislative agenda and party strategy.

President Pro Tempore

A senior senator of the majority party chosen to preside over the U.S. Senate in the absence of the Vice President, often holding ceremonial duties and succession importance.

Party Whip

An official in a political party whose primary purpose is to ensure party discipline and secure vote unity among its members in legislative votes.

Majority Leader

The head of the majority party in a legislative body, who often has a significant influence in directing legislative priorities and managing actions on the floor.