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What do monetarists predict will happen in the short run and ir the long run as a result of each of the following? (In each
What do monetarists predict will happen in the short run and ir the long run as a result of each of the following? (In each case assume the economy is currently in long-run equilibrium). (a) Velocity rises. (b) Velocity falls. (c) The money supply rises. (d) The money supply falls
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