What would happen to money demand, the money supply and the price level if there were a positive shock to production?
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Q47: Empirically, the price level is:
A)procyclical as we
Q48: Money demand and the money supply are
Q49: Real money demand is:
A)determined by the central
Q50: If the money supply doubles, then
A)GDP doubles.
B)the
Q51: What does money neutrality mean?
Q53: If for one period the money supply
Q54: Why does economizing on money balances lead
Q55: Real money demand is:
A)Md/P.
B)a function of real
Q56: Price level targeting implies that the monetary
Q57: Figure 10.1 
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