According to Friedman, changes in the level of aggregate demand
a. are dominated by changes in the supply of money.
b. cause the levels of output and employment to deviate from their natural rate for short periods of time.
c. can cause movements of the economy away from the natural rate for at least 2 years.
d. are dominated by changes in the demand for money.
e. Both a and b.
E
Economics
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If real GDP increases from $5 billion to $5.25 billion and the population increases from 2 million to 2.02 million, real GDP per person increases by ___ percent
A. 5.0 B. 1.0 C. 2.5 D. 4.0
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