If wages adjust fully to price increases in the long run, fiscal policy will a. have no affect on the price level. b. have no affect on output. c. have no affect on either output or the price level. d. affect both output and the price level.

/in /by

If wages adjust fully to price increases in the long run,
fiscal policy will

a.     have no affect on the price level.

b.    have no affect on output.

c.     have no affect on either output or the price level.

d.    affect both output and the price level.

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