The proposition that changes in the money supply have no long-run effect on real variables is known as the ________.
A) classical dichotomy
B) quantity theory of money
C) neutrality of money
D) Fisher effect
E) none of the above
Correct Answer:
Verified
Q56: The quantity theory of money _.
A)is used
Q57: The quantity theory of money _.
A)is used
Q58: The quantity theory of money _.
A)is formulated
Q59: The equation of exchange _.
A)states that the
Q60: The quantity theory of money _.
A)is the
Q62: Figure 5.1 Q63: Hyperinflation typically _. Q64: How have financial innovations such as direct Q65: The proposition that the velocity of money Q66: Figure 5.1 ![]()
A)describes periods of extreme price![]()
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