Multiple Choice
Most economists believe that after a few years,changes in the money supply change
A) only nominal variables, but not real variables.
B) only real variables, but not nominal variables.
C) neither nominal nor real variables.
D) both nominal and real variables.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Pessimism<br>Suppose the economy is in long-run equilibrium.
Q3: The initial impact of the repeal of
Q30: Suppose the economy is initially in long-run
Q41: Keynes thought that the behavior of the
Q54: Imagine that businesses in general believe that
Q112: The Stock Market Boom of 2010<br>Imagine that
Q113: Which of the sentences concerning the aggregate
Q123: If speculators bid up the value of
Q186: Suppose that a decrease in the demand
Q322: In the long run, technological progress<br>A)and increases