The saying "Money is a veil." means that
A)while nominal variables are the first thing we may observe about an economy,what's important are the real variables and the forces that determine them.
B)money is the principal medium of exchange in most economies.
C)the primary determinant of short-run economic fluctuations is not real variables,but rather changes in the money supply.
D)in the long run money is of no importance to the determination of either real or nominal variables.

Question

Quizplus · Accepted Answer

The saying "Money is a veil." suggests that while money may be the first thing we observe in an economy, it is the real variables and forces that determine them that are truly important. In other words, money is a "veil" that obscures the underlying economic activity. This idea is consistent with the views of many economists who prioritize understanding the real factors driving economic growth and development.

The Saying "Money Is a Veil." Means That