Pls select the correct answer and explain in 7-8 senteneces ok In the long run, a change in the money supply hasno effect on the long-run values of the interest rate or real output, no change in the price level's long-runvalue.O a proportional effect on the long-run values of the interest rate or real output, a proportional change in theprice level's long-run value in the same direction.O an ambiguous effect on the long-run values of the interest rate or real output, a disproportional change in.the price level's long-run value in the same direction.O an ambiguous effect on the long-run values of the interest rate or real output, a proportional change in theprice level's long-run value in the opposite direction.O no effect on the long-run values of the interest rate or real output, a proportional change in the price level'slong run value in the same direction of the money supply change.

In the long run, an economy's output is determined by the amount of resources and the state of…

Answered: In the long run, a change in the money…

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In the long run, a change in the money supply has

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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Pls select the correct answer and explain in 7-8 senteneces ok

In the long run, a change in the money supply has
no effect on the long-run values of the interest rate or real output, no change in the price level's long-run
value.
O a proportional effect on the long-run values of the interest rate or real output, a proportional change in the
price level's long-run value in the same direction.
O an ambiguous effect on the long-run values of the interest rate or real output, a disproportional change in.
the price level's long-run value in the same direction.
O an ambiguous effect on the long-run values of the interest rate or real output, a proportional change in the
price level's long-run value in the opposite direction.
O no effect on the long-run values of the interest rate or real output, a proportional change in the price level's
long run value in the same direction of the money supply change.

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