In the Monetarist Version of the AD-AS Framework,starting from Long-Run

question 49

Multiple Choice

In the monetarist version of the AD-AS framework,starting from long-run equilibrium,a decrease in velocity produces

• A) no change in Real GDP in the short run or the long run.
• B) a rise in Real GDP in both the short run and the long run.
• C) a fall in Real GDP in both the short run and the long run.
• D) a fall in Real GDP in the short run,but not in the long run.
• E) no change in Real GDP in the short run,but a rise in the long run.