In the long run, the interest rate and inflation rate adjust to accommodate a fixed level of output.In the short run, the interest rate and output adjust to accommodate a predetermined level of prices.
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Q12: At a higher price level, the demand
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Q16: Like a commodity, the money supply curve
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Q20: Monetary policy affects the aggregate demand via
Q21: The money demand curve shifts to the
Q22: Supply-side economists focus on:
A)how fiscal policy affects
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