content area top Part 1 Consider the short run and the long run and then choose the statement that is correct. Question content area bottom Part 1 A. The real interest rate is dependent on the price level in the long run. B. In the short run, money market equilibrium determines the price level. C. In the short run, other things remaining the same, a given percentage change in the quantity of money brings an equal percentage change in the price level. D. The real interest rate is independent of the inflation rate in the long run