According to the Classical Model of the Price Level, an Increase

question 132

Multiple Choice

According to the classical model of the price level, an increase in the money supply will cause _____ and _____ increase in real GDP.

• A) inflation; no long-run
• B) inflation; a long-run
• C) no inflation; a long-run
• D) deflation; no long-run

---

Definitions:

Active Voice

A sentence structure where the subject performs the action stated by the verb, making the writing clearer and more direct.

Human Relations

The study and practice of improving interactions and relationships between individuals in a workplace or social setting.

Profanity

Language considered to be vulgar, rude, or obscene.

Redundancies

Unnecessary repetitions of words, phrases, or information that do not add value to the communication.