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The central bank increases the money supply by 3% over a long period while the country runs at full employment. In the long run, what
The central bank increases the money supply by 3% over a long period while the country runs at full employment. In the long run, what does the quantity theory of money say will happen? (O The natural rate of unemployment will decrease by 3%. O The price level will decrease by 3%. (O Unemployment will increase by 3%. (O Nominal output will increase by 3%. (O Real output will increase by 3%
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