New Classical Economists Contend That an Unexpected Increase in the Money

question 72

Multiple Choice

New classical economists contend that an unexpected increase in the money supply will:

• A)increase the unemployment rate in the short run.
• B)reduce the unemployment rate in the short run.
• C)cause no short-run change in the unemployment rate.
• D)reduce the unemployment rate in the long run.
• E)increase the unemployment rate in the long run.

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Definitions:

Supraspinatus

A muscle situated on the upper part of the back that assists in the abduction of the arm.

Abducts

Refers to the movement of a limb or other part away from the midline of the body or from another part.

Joints

Structures in the body where two or more bones are connected, allowing for varied degrees of movement.

Abductor Pollicis Longus

A muscle in the forearm that facilitates the abduction and extension of the thumb.