If the Economy Is at Potential Output and the Bank

question 147

True/False

If the economy is at potential output and the Bank of Canada increases the money supply,in the long run the price level will likely increase.

---

Definitions:

Categorization

The cognitive process of grouping things based on shared characteristics or properties.

Musical Instrument

An object or device created or adapted to produce musical sounds.

Grand Piano

A large, full-bodied musical instrument with horizontally strung strings, producing a wide range of piano sounds.

Electronic Keyboard

An Electronic Keyboard is a musical instrument that uses electronic circuits to generate sounds in various tones and rhythms.