Economics 9708 · AS & A Level · Monetary policy

Monetary policy — practice question

In monetarist theory, what is affected in the long run when the money supply changes?

  • Athe level of output: no; the price level: no; the level of unemployment: yes
  • Bthe level of output: no; the price level: yes; the level of unemployment: no
  • Cthe level of output: yes; the price level: no; the level of unemployment: yes
  • Dthe level of output: yes; the price level: yes; the level of unemployment: no

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