Business, 11.04.2020 00:00 please1133

For example, an increase in the money supply, a [NOMINAL/REAL] variable, will cause the price level, a [NOMINAL/RELA] variable, to increase but will have no long-run effect on the quantity of goods and services the economy can produce, a [NOMINAL/REAL] variable. The separation of real variables and nominal variables is known as [The Classical Dichotomy/ The Quantity Theort/ Price Neutrality].

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For example, an increase in the money supply, a [NOMINAL/REAL] variable, will cause the price level...