The quantity of money has no real impact on things people really care about like whether or not they have a job.Most economists would agree that this statement is appropriate concerning
A)both the short run and the long run.
B)the short run,but not the long run.
C)the long run,but not the short run.
D)neither the long run nor the short run.

Question

Quizplus · Accepted Answer

In the short run, changes in the quantity of money can impact employment levels through their effects on interest rates and investment levels. However, in the long run, the quantity of money has no impact on the overall level of employment or other important factors in people's lives. Most economists would agree with this assessment.

The Quantity of Money Has No Real Impact on Things