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Author Question: If the monetary authorities persistently expand the money supply at a rapid rate, the probable ... (Read 16 times)

jlmhmf

  • Hero Member
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  • Posts: 552
on: Jun 30, 2018
If the monetary authorities persistently expand the money supply at a rapid rate, the probable result will be:
 a. inflation.
 b. low nominal interest rates.
  c. rapid growth of real GDP.
  d. all of the above.

Question 2

We can say that the potential level of real GDP is fixed because the long-run aggregate supply curve is a vertical line.
 a. True
  b. False
  Indicate whether the statement is true or false


mjbamaung

  • Sr. Member
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  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

False


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