The classical principle of monetary neutrality statesthat changes in the money supply do not influence_________ variables, and it is thought mostapplicable in the _________ run.a. nominal; shortb. nominal; longc. real; shortd. real; long

The classical principle of monetary neutrality statesthat changes in the money supply do not influence_ variables, and it is thought mostapplicable in the _ run.a. nominal; shortb. nominal; longc. real; shortd. real; long

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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Question

The classical principle of monetary neutrality states
that changes in the money supply do not influence
_________ variables, and it is thought most
applicable in the _________ run.
a. nominal; short
b. nominal; long
c. real; short
d. real; long

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