Engineering, 13.12.2019 06:31 kseniyayakimov

Most economists believe that real economic variables and nominal economic variables behave independently of each other in the long run. for example, an increase in the money supply, a variable, will cause the price level, a variable, to increase but will have no long-run effect on the quantity of goods and services the economy can produce, a variable. the distinction between real variables and nominal variables is known as .

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Most economists believe that real economic variables and nominal economic variables behave independe...