Starting from a position of macroeconomic equilibrium at below the full-employment level of real GDP, an increase in the money supply will: a. raise real interest rates, lower the price level, and reducereal GDP.
b. raise real interest rates, lower the price level, and leave realGDP unchanged.
c. raise nominal interest rates, lower the price level, and leavereal GDP unchanged.
d. lower real interest rates, raise the price level, and increasereal GDP.