"A rise in the money supply raised output in the short run, but left output unaffected in the long run." This statement implies that the price level __________ in the long run, causing the interest rate to __________

In the 1980s and most of the 1990s, the federal government

A) ran small deficits. B) ran small surpluses. C) ran large deficits. D) was balanced.

If both the demand for and the supply of computers are increasing, which of the following statements is TRUE?

A) The consumer should buy a computer now since the price will be higher in the future. B) The consumer should wait and buy a computer later since the price will be lower in the future. C) The price of a computer will be the same in the future as it is now. D) It is impossible to know, given only this information, whether the prices of computers will go up or down in the future.