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Coltonht Coltonht
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4 years ago
In the long run, increases in the money supply have no effect on the level of output because prices and wages will

▸ fall as GDP exceeds potential output, causing real interest rates to fall and output to fall to its original level.

▸ rise as GDP exceeds potential output, causing real interest rates to fall and output to fall to its original level.

▸ fall as GDP exceeds potential output, causing real interest rates to rise and output to fall to its original level.

▸ rise as GDP exceeds potential output, causing real interest rates to rise and output to fall to its original level.
Textbook 
Macroeconomics: Principles, Applications and Tools

Macroeconomics: Principles, Applications and Tools


Edition: 7th
Authors:
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swolfe15swolfe15
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4 years ago
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