Which of the following statements is correct about how economists view the effects of increases in the quantity of money?
A) The short-run effects are well understood, but the long-run effects are still the subject of controversy among economists.
B) The long-run effects are well understood, but the short-run effects are still the subject of controversy among economists.
C) Both the short-run effects and the long-run effects are well understood.
D) Neither the short-run effects nor the long-run effects are well understood.
Correct Answer:
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