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

question 236

Multiple Choice

In the long run, an increase in the quantity of money ________ the value of money and ________ the price level.

• A) raises; raises
• B) does not change; raises
• C) raises; lowers
• D) lowers; raises
• E) lowers; lowers

---

Definitions:

Foreign Goods

Products or services that are produced in one country and sold in another, outside the country of origin.