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Munze Munze
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6 years ago
Suppose the economy is initially operating at the natural level of output. Now, suppose the central bank increases the rate of nominal money growth by 2%. Given this information, we would expect that
A) the nominal interest rate will rise by less than 2% in the medium run.
B) the nominal interest rate will rise by exactly 2% in the medium run.
C) the nominal interest rate will decrease by exactly 2% in the medium run.
D) the nominal interest rate will not change in the medium.
E) none of the above
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
Authors:
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Macroeconomics, 6/E (Blanchard, Johnson)
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legendvpnlegendvpn
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