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In the Long Run,increases in the Money Supply Increase the Economy's

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In the long run,increases in the money supply increase the economy's potential output level.


Definitions:

Retired People

Individuals who have ended their professional careers, typically due to reaching a certain age or fulfilling specific criteria in their employment contract.

Career

The pursuit of a lifelong ambition or the general course of progression towards lifelong goals.

Equally Likely

A term used in probability to describe events that have the same chance of occurring.

Probability

A numerical value representing the chance of an event's occurrence, between 0 and 1, where 0 stands for impossible and 1 for certain.

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