The Industrial Revolution began in Germany and spread to Europe and North America

According to monetarists, a fiscal deficit will be associated with an increase in real output:

A. regardless of the character of accompanying changes in M or V. B. only if it is accompanied by an increase in the demand for money. C. only if it is accompanied by an increase in the supply of money. D. only if it is financed by selling government bonds to the public.

For Outback Steakhouse, seating capacity is limited in the short run. In the long run, they can add as many seats as they want. Therefore, the price elasticity of supply for meals at Outback would be ________ in the short run than in the long run.

A. more variable B. the same C. higher D. lower