According to the Model of Aggregate Supply and Aggregate Demand

question 24

Multiple Choice

According to the model of aggregate supply and aggregate demand, in the long run, an increase in the money supply should cause prices to

• A) rise and output to rise.
• B) fall and output to remain unchanged.
• C) fall and output to fall.
• D) rise and output to remain unchanged.

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Definitions:

Benjamin Franklin

An American polymath who was a leading figure in the American Enlightenment, known for his contributions to the drafting of the Declaration of Independence and his experiments with electricity.

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