According to the classical dichotomy,which of the following is NOT influenced by monetary factors?
A)the nominal GDP
B)the real interest rate
C)the price level
D)the nominal interest rate

Question

Quizplus · Accepted Answer

According to the classical dichotomy, real variables such as the real interest rate are not influenced by monetary factors, while nominal variables such as the nominal GDP, price level, and nominal interest rate are influenced by monetary factors.

According to the Classical Dichotomy,which of the Following Is NOT