In the monetarist version of the AD-AS framework,starting from long-run equilibrium,a decrease in velocity produces
A) no change in Real GDP in the short run or the long run.
B) a rise in Real GDP in both the short run and the long run.
C) a fall in Real GDP in both the short run and the long run.
D) a fall in Real GDP in the short run,but not in the long run.
E) no change in Real GDP in the short run,but a rise in the long run.
Correct Answer:
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