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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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