In the long run,a one-time percentage increase in the money supply is matched by the same one-time percentage rise in the price level,leaving unchanged the real money supply and ________.This proposition is called money ________.

Question

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Money neutrality is the proposition that a one-time percentage increase in the money supply is matched by the same one-time percentage rise in the price level, leaving unchanged the real money supply and other economic variables such as interest rates.

In the Long Run,a One-Time Percentage Increase in the Money