Question: 113) Suppose that from an initial AD/SAS/LAS intersection, the money supply grows by six percent. At the same time, the nominal wage rises by ten


113) Suppose that from an initial AD/SAS/LAS intersection, the money supply grows by six percent. At the same time, the nominal wage rises by ten percent. As a result, output will be the natural GDP, with a price level A) below, 10 percent lower B) below, 10 percent higher C) below, between 6 and 10 percent higher D) above, that is unchanged E) above, between 6 and 10 percent higher
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