If the Short-Run Aggregate Supply Curve Is Horizontal,then a Change

question 81

Multiple Choice

If the short-run aggregate supply curve is horizontal,then a change in the money supply will change ______ in the short run and change ______ in the long run.

• A) only prices; only output
• B) only output; only prices
• C) both prices and output; only prices
• D) both prices and output; both prices and output

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Definitions:

Sick Leave

Time off provided to employees for illness without loss of pay.

Position

The set of duties (job) performed by a particular person.

Educational Background

The formal schooling, training, and qualifications that an individual has acquired, often influencing their career opportunities and professional development.

Cash Compensation

Refers to money paid to employees for their work, including wages, salaries, bonuses, and commissions.