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QUESTION
According to the monetarist theory:the velocity of money is highly unstable.an increase in the money supply will affect only output in the long run.
According to the monetarist theory:
A.the velocity of money is highly unstable.
B.an increase in the money supply will affect only output in the long run.
C.a decrease in the money supply will increase interest rates as portfolios rebalance, leading to a drop in investment and/or consumption spending.
D.an increase in the money supply will affect output and the price level in the long run.
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