According to classical macroeconomic theory,changes in the money supply affect
A) real GDP and the price level.
B) real GDP but not the price level.
C) the price level,but not real GDP.
D) neither the price level nor real GDP.
Correct Answer:
Verified
Q4: Most economists believe that the classical model
Q5: Most economists believe that classical theory describes
Q6: The classical dichotomy refers to the separation
Q7: The division of variables into real and
Q8: The saying "Money is a veil." means
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
Q13: If money is neutral,then changes in the
Q14: Most economists believe that classical macroeconomic theory
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