Suppose the economy is in long-run equilibrium if there is, Ask an Expert

Economics

Suppose the economy is in long-run equilibrium. If there is an increase in the supply of labor as well as an increase in the money supply, then we would expect that in the short-run,

A. real GDP will rise and the price level might rise, fall, or stay the same.

B. the price level will rise, and real GDP might rise, fall, or stay the same.

C. the price level will fall, and real GDP might rise, fall, or stay the same.

D. real GDP will fall and the price level might rise, fall, or stay the same.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91921959

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