Timing evidence detailed in showed that the money only affected prices, not real GDP.

Question

Quizplus · Accepted Answer

The statement is too vague and lacks context to determine its accuracy. Timing evidence regarding the effect of money on prices and real GDP can vary depending on the specific economic model, historical period, and empirical study being referenced. Generally, changes in the money supply can affect both prices and real GDP, depending on various factors such as the state of the economy, expectations, and how quickly prices adjust.

Timing Evidence Detailed in Showed That the Money Only Affected