In the Long Run, Why Do Changes in the Money

question 43

Multiple Choice

In the long run, why do changes in the money supply affect only the price level?  

• A) because the aggregate demand curve is vertical 
• B) because the aggregate demand curve is downward sloping 
• C) because the long-run aggregate supply curve is vertical 
• D) because the long-run aggregate supply curve is upward sloping

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