A core belief of modern macroeconomics is that in the long run:
A) a change in money growth will affect the composition of output, but not its level.
B) a change in money growth will affect the level of output, but not its composition.
C) greater saving will result in greater output.
D) a change in fiscal policy will not affect the composition of output.
E) output can deviate permanently from its natural level.
Correct Answer:
Verified
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