Multiple Choice
In the long run,money demand and money supply determine
A) the price level and the real interest rate.
B) the price level but not the real interest rate.
C) the real interest rate but not the price level.
D) neither the price level nor the real interest rate.
Correct Answer:

Verified
Correct Answer:
Verified
Q25: Changes in nominal variables are determined mostly
Q46: The classical dichotomy argues that changes in
Q47: If velocity = 5,the price level =
Q48: If the nominal interest rate is 15
Q49: Figure 30-2.On the graph,MS represents the money
Q52: The nominal interest rate is 6 percent
Q53: The source of hyperinflations is primarily<br>A)lower output
Q54: If real output in an economy is
Q55: If the nominal interest rate is 8
Q56: Suppose the United States unexpectedly decided to