单选题 In the short run, the impact of an increase in the money supply on the price level and real output will be: Price level Real output ①A. Increase Increase ②B. Increase No change ③C. No change Increase A. ①B. ②C. ③

【正确答案】 A

【答案解析】In the short run, an increase in the money supply will increase aggregate demand. The new short-run equilibrium will be at a higher price level and a greater level of real output (GDP).