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Consider the following: I.There is a negativerelationship between interest rates and the money supply. II.There is a positiverelationship between interest rates and the money supply.
Consider the following:
I. There is a negativerelationship between interest rates and the money supply.
II. There is a positiverelationship between interest rates and the money supply.
a. I is always true; II is always false.
b. II is always true and I is always false.
c. I is true in the short run and II is true in the longrun.
d. Both I and II are always false.
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