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In the long run, a change in monetary policy will affect only the aggregate price level.
True or False?

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Related questions

What are the three channels of monetary policy? Explain each of these in detail. Also, explain under what conditions monetary expansion fails to affect aggregate demand for goods and services in the short run and long run.

Monetary policy is an effective way to increase demand if you're the sort of economist that believes the government should meddle in the economy. In a paragraph, thoroughly explain how monetary policy affects each of the four components of aggregate demand, why monetary policy changes each component of aggregate demand, and how monetary policy is able to cause these affect.

1.what is one long-run implication for monetary policy shared by both Quantity Theory of Money and the Natural Rate Hypothesis??

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2."When we are in a liquidity trap, monetary policy is weak and fiscal policy is powerful." Ture or False? Why?

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