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According to the classical principle of monetary neutrality, when money supply is increased, which of the following will also increase in the long run ,
According to the classical principle of monetary neutrality, when money supply is increased, which of the following will also increase in thelong run, all else equal?
- The nominal wage rate
- The natural rate of unemployment
- The real interest rate
Group of answer choices
1 and 2
1 only
2 only
2 and 3
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