S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27, 2021, S&L purchased Coca-Cola bonds at par for $875,000 and sold the bonds on January 3, 2022, for $880,000.
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For example, an increase in the money supply, areal variable, will cause the price level, anominal variable, to increase but will have no long-run effect on the quantity of goods and services the economy can produce, a variable.
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