The Classical Dichotomy is the idea that Select one: a.nominal and real interest rates are unrelated. b.there are two types of variables, nominal and real, and only nominal variables are affected by the money supply. c.any policy can have intended and unintended consequences. d.in the long-run, markets will clear and return the economy to equilibrium.
The Classical Dichotomy is the idea that Select one: a.nominal and real interest rates are unrelated. b.there are two types of variables, nominal and real, and only nominal variables are affected by the money supply. c.any policy can have intended and unintended consequences. d.in the long-run, markets will clear and return the economy to equilibrium.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Money Growth And Inflation
Section: Chapter Questions
Problem 1CQQ
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The Classical Dichotomy is the idea that
Select one:
a.nominal and real interest rates are unrelated.
b.there are two types of variables, nominal and real, and only nominal variables are affected by the money supply.
c.any policy can have intended and unintended consequences.
d.in the long-run, markets will clear and return the economy to equilibrium.
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