Suppose the Economy Is in Long-Run Equilibrium

question 88

Multiple Choice

Suppose the economy is in long-run equilibrium.In a short span of time,there is a sharp rise in the stock market,an increase in government purchases,an increase in the money supply and a decline in the value of the dollar.In the short run

• A)the price level and real GDP will both rise.
• B)the price level and real GDP will both fall.
• C)neither the price leave nor real GDP will change.
• D)All of the above are possible.

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