In the classical system,the quantity of money
A) determines the price level and,for a given real income,the level of nominal income.
B) does not affect the equilibrium values of output,employment,and the interest rate.
C) affects the equilibrium values of output,employment,and the interest rate.
D) Both a and b
E) Both a and c
Correct Answer:
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Q50: Hyperinflation is a period of time when
A)people
Q51: If there is an increase in
Q52: According to classical economists,
A)money was a "veil"
Q53: In the classical model,if money growth and
Q54: According to the Cambridge approach to the
Q55: Which of the following statements is correct?
A)It
Q56: The equilibrium real wage is 25,the money
Q57: Suppose that there is an increase in
Q58: Which of the following statements is (are)correct?
Q60: Hyperinflations are caused by
A)persistant falls in aggregate
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