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According to the inflation parable discussed in the text, a positive shock to spending: A.increases output at first but in the long run only increases
According to the inflation parable discussed in the text, a positive shock to spending:
A.increases output at first but in the long run only increases price.
B.increases both price and output at first but neither price nor output changes in the long run.
C.does not affect price and output at first, but in the long run both output and price increase.
D.increases price at first but in the long run only increases output.
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