According to the classical dichotomy,which of the following is influenced by monetary factors?
A)real GDP
B)unemployment
C)nominal interest rates
D)All of the above are correct.

Question

Quizplus · Accepted Answer

According to the classical dichotomy, real variables such as real GDP and unemployment are determined by non-monetary factors, while nominal variables such as nominal interest rates are influenced by monetary factors. Therefore, only choice C is correct.

According to the Classical Dichotomy,which of the Following Is Influenced