In the long-run, an increase in the budget deficit and an expansionary monetary policy would:
a. increase the price level only.
b. increase both the price level and real income.
c. increase real income only.
d. None of these
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Home » Business » In the long-run, an increase in the budget deficit and an expansionary monetary policy would: a. increase the price level only. b. increase both the price level and real income. c. increase real income only. d. None of these