The division of variables into real and nominal is a dichotomy assumed by
A) classical economists.
B) John Maynard Keynes.
C) the wealth effect.
D) short-run macroeconomic theory.
Correct Answer:
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Q2: According to the classical model,an increase in
Q3: Most economists believe that in the short
Q4: Most economists believe that the classical model
Q5: Most economists believe that classical theory describes
Q6: The classical dichotomy refers to the separation
Q8: The saying "Money is a veil." means
Q9: According to classical macroeconomic theory,changes in the
Q10: Most economists believe that money neutrality
A)does not
Q11: Microeconomic substitution is impossible for the economy
Q12: According to classical macroeconomic theory,changes in the
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