In the Long Run, an Increase in the Quantity of Money

question 66

Multiple Choice

In the long run, an increase in the quantity of money, other things remaining the same,

• A) decreases the price level.
• B) has no effect on the price level or real GDP.
• C) decreases real GDP.
• D) increases real GDP.
• E) increases the price level.

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Definitions:

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Émile Durkheim, a foundational French sociologist famous for his studies on social structures, religion, and morality.

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