In the Long Run, a 3 Per Cent Increase in the Quantity

question 60

Multiple Choice

In the long run, a 3 per cent increase in the quantity of money leads to a 3 per cent

• A) increase in the price level.
• B) increase in the real interest rate.
• C) increase in real GDP.
• D) decrease in the real interest rate.
• E) decrease in the price level.