If the Fed announces that it will raise the money supply in the future but does not change the money supply today,
A) both the nominal interest rate and the current price level will decrease.
B) the nominal interest rate will increase and the current price level will decrease.
C) the nominal interest rate will decrease and the current price level will increase.
D) both the nominal interest rate and the current price level will increase.
Correct Answer:
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A) been
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