In the monetarist version of the AD-AS framework, starting from long-run equilibrium, an increase in the money supply produces
A) no change in Real GDP in the short run or the long run.
B) a rise in Real GDP in both the short run and the long run.
C) a rise in Real GDP in the short run, but not in the long run.
D) a rise in Real GDP in the long run, but not in the short run.
C
Economics
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