The Short-Run Effect of an Increase in the Money Supply

question 16

Multiple Choice

The short-run effect of an increase in the money supply is to

• A) increase real GDP only.
• B) increase the price level only.
• C) increase both real GDP and the price level.
• D) increase nominal GDP but decrease the price level.

---

Definitions:

Print Media

Print media encompasses physical publications such as books, magazines, newspapers, and flyers used for distributing information or entertainment.

Telecommunications Act

The Telecommunications Act is a significant legislation that regulates telecommunications industries in various countries, aiming to foster competition, innovation, and protect consumer rights.

Media Ownership

Pertains to the control over media enterprises, determining the nature and extent of content that is broadcasted or published.

Public Service

Activities or functions performed with the aim of providing support and benefit to the community as a whole, often undertaken by government organizations.