In the long run, changes in the money supply affect
A) prices.
B) output.
C) unemployment rates.
D) All of the above.
Correct Answer:
Verified
Q1: For the U.S. economy, the most important
Q2: The theory of liquidity preference was developed
Q6: An increase in the price level shifts
Q7: An increase in the money supply shifts
Q8: For the most part, fiscal policy affects
Q12: For a country such as the U.S.,
Q15: According to the theory of liquidity preference,
Q18: Sometimes, changes in monetary policy and/or fiscal
Q23: Both the multiplier effect and the investment
Q27: The theory of liquidity preference is largely
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