If the growth rate of money changes, there will be no long-run effects on real interest rates.

Name: If the growth rate of money changes, there will be no long-run effects on real interest rates.
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In the long run, real interest rates are determined by real factors, such as the productivity of capital and the time preference for consumption. Changes in the growth rate of money will only have a temporary effect on real interest rates.

If the Growth Rate of Money Changes, There Will Be