According to the classical dichotomy, which of the following is influenced by monetary factors?
A)the amount of goods and services that wages can buy
B)the interest rate adjusted for inflation
C)the current-dollar wage
D)the constant-dollar GDP

Question

Quizplus · Accepted Answer

The classical dichotomy suggests that nominal variables, like the current-dollar wage, are influenced by monetary factors, while real variables, like the amount of goods and services wages can buy, the interest rate adjusted for inflation, and constant-dollar GDP, are not.

According to the Classical Dichotomy, Which of the Following Is