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

question 186

Multiple Choice

In the short run, an increase in the quantity of money normally

• A)has no effect; in the long run, V will increase.
• B)has no effect; in the long run, V will decrease.
• C)results in an increase in velocity.
• D)results in a decrease in velocity.

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Definitions:

Confederate Army

The military force representing the Confederate States of America during the American Civil War (1861-1865), which fought against the Union.

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Female Contrabands

Refers to women and girls who escaped slavery and sought protection behind Union lines during the Civil War.

Susi King Taylor

An African-American teacher and nurse who served as a teacher for freed African-Americans during and after the American Civil War.