According to the classical dichotomy,which of the following is affected by monetary factors?
A)nominal wages
B)the price level
C)nominal GDP
D)All of the above are correct.

Question

Quizplus · Accepted Answer

The classical dichotomy suggests that monetary factors affect nominal variables like nominal wages, the price level, and nominal GDP, but not real variables.

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