In the Long Run, Changes in the Money Supply Affect

question 65

Multiple Choice

In the long run, changes in the money supply affect only the price level because

• A) the aggregate demand curve is vertical.
• B) the aggregate demand curve is downward sloping.
• C) the long-run aggregate supply curve is vertical.
• D) the long-run aggregate supply curve is upward sloping.
• E) current real GDP is less than the economy's potential GDP.

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Definitions:

Emotional Dissonance

Inconsistency between emotions we feel and those we try to project.

Deep Acting

A technique used in emotional labor where individuals attempt to feel genuinely the emotions that they need to display to others.

Affective Component

The emotional aspect of attitudes, which describes how people feel about something.

Specific Feelings

Distinct emotional responses to certain stimuli, which can be clearly identified and described.