Question

The slope and position of the long-run aggregate supply curve? Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth will change which of the following? Check all that apply. A. The size of the labor force B. The inflation rate C. The price level D. The level of technological knowledge

Answer 1

The correct answer for the question that is being presented above is this one: "A. The size of the labor force B. The inflation rate C. The price level." Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth will change The size of the labor force, the inflation rate, the price level.