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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 why.

explain with graph pls

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A 10 increase in the money supply might not lead to a direct 10 rise in the price level in the short run There are a couple of reasons for this 1 Velo... blur-text-image

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