In the Long Run,if the Money Supply Increases

question 119

Multiple Choice

In the long run,if the money supply increases:

• A)most of the resulting rise in nominal GDP will be a result of increases in the exchange rate.
• B)most of the resulting rise in nominal GDP will be a result of increases in the price level.
• C)most of the resulting rise in real GDP will be a result of increases in the price level.
• D)most of the resulting rise in real GDP will be a result of increases in the interest rate.
• E)most of the resulting rise in real GDP will be a result of increases in aggregate expenditure.

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Definitions:

Phenomenon

An observable event or fact, especially one that is significant, unusual, or extraordinary.

Message

is a piece of information or communication conveyed from one person to another, either verbally, written, or through another medium.

Source

The person or group communicating a message.

Central Route

A concept in the Elaboration Likelihood Model referring to the path of persuasion that involves careful and thoughtful consideration of the arguments presented.