Business, 26.03.2020 18:59, deadpoolcorvettehats

Suppose the economy is in long-run equilibrium. If there is an increase in the supply of labor as well as an increase in the money supply, then we would expect that in the short-run, a. real GDP will rise and the price level might rise, fall, or stay the same. b. real GDP will fall and the price level might rise, fall, or stay the same.

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Suppose the economy is in long-run equilibrium. If there is an increase in the supply of labor as we...