According to the classical dichotomy, what is NOT influenced by monetary factors?
A) the nominal GDP
B) the real wage 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 wage rate are not influenced by monetary factors, whereas nominal variables such as the nominal GDP, the price level, and the nominal interest rate are influenced by changes in the money supply.

According to the Classical Dichotomy, What Is NOT Influenced by Monetary