According to monetarists,an increase in the money supply will raise Real GDP in the long run,but not in the short run.

Name: According to monetarists,an increase in the money supply will raise Real GDP in the long run,but not in the short run.
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Monetarists, such as Milton Friedman, argue that in the long run, an increase in the money supply will not raise Real GDP but will only increase prices (inflation). In the short run, it may affect Real GDP due to price and wage stickiness.

According to Monetarists,an Increase in the Money Supply Will Raise