Business, 11.04.2020 03:15 randlemccray4305

The economy is in long run equilibrium. Suppose that automatic teller machine become cheaper and more convenient to use, and as a result the demand for money falls. Other think equal, would expect that in the short run

The price level and real GDP would rise, but the long run they would both be unaffected
The price level and real GDP would rise but in the long run the price level would rise a real GDP would be unaffected.
The price level and real GDP would fall, but in the long run they would both be unaffected
The price level and real GDP would fall, but in the long run the price level would fall a real GDP would be unaffected

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The economy is in long run equilibrium. Suppose that automatic teller machine become cheaper and mor...

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