The short-run effects of increased money supply correctly anticipated by the people on prices, output, and employment Concept Introduction: Rational Expectations: Decisions made by individual agents based on the best information available and based on the past trends.

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Chapter 16, Problem 2.3PA

To determine

The short-run effects of increased money supply correctly anticipated by the people on prices, output, and employment

Concept Introduction:

Rational Expectations: Decisions made by individual agents based on the best information available and based on the past trends.

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