Answered: In the long run, an increase in the…

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In the long run, an increase in the monetary base will cause Higher prices Higher output Lower GDP All of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

135.) In the long run, an increase in the monetary base will cause

		Higher prices
		Higher output
		Lower GDP
		All of the above

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