Question: Assume velocity is fixed and quantity is not fixed. Also assume we are at Qn. Now the government increases the money supply. What is the
Assume velocity is fixed and quantity is not fixed. Also assume we are at Qn. Now the government increases the money supply. What is the effect? Group of answer choices Quantity goes up in both the short and long-run. Quantity does not change. Quantity goes up in the long-run, but not the short-run. Quantity goes up in the short-run, but not the long-run
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