In the real business cycle model, the quantity of money

Name: In the real business cycle model, the quantity of money
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In the real business cycle model, changes in the quantity of money only affect nominal variables, such as the price level and nominal interest rates. Real variables, such as real GDP and the real wage rate, are determined by factors such as technology, productivity, and labor supply. Therefore, changes in the quantity of money do not have any direct effect on real GDP.

In the Real Business Cycle Model, the Quantity of Money