Monetary neutrality means that a change in the money supply
A) does not change real GDP.Most economists think this is a good description of the economy in the short run and in the long run.
B) does not change real GDP.Most economists think this is a good description of the economy in the long run but not the short run.
C) does change real GDP.Most economists think this is a good description of the economy in the short-run and the long run.
D) does change real GDP.Most economists think this is a good description of the economy in the long run but not the short run.
Correct Answer:
Verified
Q152: Based on the quantity equation,if M =
Q153: If monetary neutrality holds,then an increase in
Q154: Based on the quantity equation,if M =
Q155: According to the quantity equation,the price level
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Q158: If velocity = 5,the price level =
Q160: If M = 9,000,P = 6,and Y
Q161: Suppose the money supply tripled,but at the
Q162: The velocity of money is
A)the rate at
Q162: The money supply is 4,000,nominal GDP is
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