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The SRAS curve is upward sloping,there is a liquidity trap,and investment spending is sensitive to changes in the interest rate.According to the monetarist transmission mechanism,if the money supply increases the AD curve __________ and the price level __________.
Ounces
A unit of weight in the Imperial system equal to one-sixteenth of a pound, or 28.349 grams.
Mixed Numbers
Values that include both a whole number and a fractional part, indicating amounts more than one.
Improper Fractions
Ratios in which the top number is equal to or larger than the bottom number.
Lowest Terms
The simplest form of a fraction, where the numerator and denominator are reduced to their smallest possible values by dividing both by their greatest common divisor.
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