Multiple Choice
According to the classical dichotomy,when the money supply doubles,which of the following also doubles?
A) the price level
B) nominal wages
C) nominal GDP
D) All of the above are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q30: The inflation tax refers to<br>A)the revenue a
Q38: When the money market is drawn with
Q39: Suppose over some period of time the
Q41: Consider the money market drawn with the
Q44: The quantity theory of money<br>A)is a fairly
Q45: When the money market is drawn with
Q46: The classical dichotomy argues that changes in
Q47: If velocity = 5,the price level =
Q48: If the nominal interest rate is 15
Q121: When the money market is drawn with