Suppose we are at a long-run equilibrium point in an ad-as, Ask an Expert

Economics

Suppose we are at a long-run equilibrium point in an AD-AS model. Then the money supply falls. In the short run, is there any difference between what happens in the simple quantity theory of money (SQTM) version and the monetarist version of the model?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9685496

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