Question: For example, an increase in the money supply, anominal variable, will cause the price level, anominal variable, to increase but will have no long-run effect

For example, an increase in the money supply, anominal variable, will cause the price level, anominal variable, to increase but will have no long-run effect on the quantity of goods and services the economy can produce, areal variable. The notion that an increase in the quantity of money will impact the price level but not the output level is known as

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