According to the second monetarist proposition,which of the following factors do not determine the level of real output in the long run?
A)The stock of capital goods
B)The size of the labor force
C)The quality of the labor force
D)The state of technology
E)The quantity of money

Question

Quizplus · Accepted Answer

The second monetarist proposition states that in the long run, the level of real output is determined by factors such as the stock of capital goods, the size and quality of the labor force, the state of technology, and other factors that are not related to the quantity of money. Therefore, the quantity of money does not determine the level of real output in the long run.

According to the Second Monetarist Proposition,which of the Following Factors