Multiple Choice
The saying "Money is a veil." means that
A) while nominal variables are the first thing we may observe about an economy,what's important are the real variables and the forces that determine them.
B) money is the principal medium of exchange in most economies.
C) the primary determinant of short-run economic fluctuations is not real variables,but rather changes in the money supply.
D) in the long run money is of no importance to the determination of either real or nominal variables.
Correct Answer:
Verified
Correct Answer:
Verified
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