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Starting from a position of macroeconomic equilibrium at below the full-employment level of real GDP an increase in the money supply will lower interest rates raise prices and increase real GDP

Starting from a position of macroeconomic equilibrium at below the full-employment level of real GDP, an increase in the money supply will: lower interest rates, raise prices, and increase real GDP. raise interest rates, prices, and reduce real GDP. raise interest rates, lower prices, and leave real GDP unchanged. lower interest rates, lower prices, and leave real GDP unchanged.

Apr 04 2020 View more View Less

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