Respond to each of the three parts below. It is critical to develop a conclusion using the material and the theories in the book to answer this question. Opinions that are not supported with logical arguments based on the theories and models will not be sufficient. (The person with the loudest voice does not win the debate - the persons with the most logical and well supported ideas win debates.) Respond for both the short run and the long run. Provide a logical and intelligent argument, supporting your points. Part b. The classical theory of money discusses the long run neutrality of money, but the text comments that there may be short-run effects on real variables in the economy. Identify the short run and long run effects of an increase in the money supply and explain why these effects occur. Respond to each of the three parts below. It is critical to develop a conclusion using the material and the theories in the book to answer this question. Opinions that are not supported with logical arguments based on the theories and models will not be sufficient. (The person with the loudest voice does not win the debate - the persons with the most logical and well supported ideas win debates.) Respond for both the short run and the long run. Provide a logical and intelligent argument, supporting your points. Part b. The classical theory of money discusses the long run neutrality of money, but the text comments that there may be short-run effects on real variables in the economy. Identify the short run and long run effects of an increase in the money supply and explain why these effects occur