13. If the short-run aggregate supply curve is horizontal, then a change in the money supply will change in the short run and change in the long run. A) B) C) D) only prices; only output only output; only prices both prices and output; only prices both prices and output; both prices and output
13. If the short-run aggregate supply curve is horizontal, then a change in the money supply will change in the short run and change in the long run. A) B) C) D) only prices; only output only output; only prices both prices and output; only prices both prices and output; both prices and output
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter23: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 7QR
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Question
![13. If the short-run aggregate supply curve is horizontal, then a change in the money
supply will change in the short run and change_
in the long run.
A)
B)
C)
D)
only prices; only output
only output; only prices
both prices and output; only prices
both prices and output; both prices and output](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc05e29ac-dd59-4eb3-bb7a-e5dc83399b99%2F30ea98fb-7f5e-421e-9580-46810560b2c4%2F30qoxb_processed.png&w=3840&q=75)
Transcribed Image Text:13. If the short-run aggregate supply curve is horizontal, then a change in the money
supply will change in the short run and change_
in the long run.
A)
B)
C)
D)
only prices; only output
only output; only prices
both prices and output; only prices
both prices and output; both prices and output
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