Multiple Choice
According to classical macroeconomic theory,changes in the money supply affect
A) nominal variables and real variables.
B) nominal variables,but not real variables.
C) real variables,but not nominal variables.
D) neither nominal nor real variables.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: The model of aggregate demand and aggregate
Q14: The quantity of money has no real
Q15: According to the classical model,an increase in
Q16: Most economists believe that the classical model
Q18: Most economists believe that in the long
Q19: Most economists believe that classical theory describes
Q20: The division of variables into real and
Q21: Microeconomic substitution is impossible for the economy
Q22: The classical dichotomy refers to the separation
Q59: When looking at a graph of aggregate