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Which of the following are true about real and nominal demand? a) A change in government purchases can affect aggregate demand in the short-run. b)
Which of the following are true about real and nominal demand? a) A change in government purchases can affect aggregate demand in the short-run. b) A change in government purchases can affect aggregate demand in the long-run. c) A rise in the demand for real balances (Ma/P) raises equilibrium prices in the short-run. d) A drop in the demand for nominal balances (Ma) reduces equilibrium prices in the long-run
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