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4. The text notes that a 10% increase in the money supply may not increase the price level by 10% in the short run. Explain

4. The text notes that a 10% increase in the money supply may not increase the price level by 10% in the short run. Explain the reason

5. Suppose the Central bank were required to conduct monetary policy so as to hold the unemployment rate below 4%. What implications would this have for the economy?

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