According to classical macroeconomic theory, changes in the money supply affect – 2017

according to classical macroeconomic theory, changes in the money supply affect




According to classical macroeconomic theory, changes in the money supply affect
a. nominal variables and real variables.
b. nominal variables, but not real variables.
c. real variables, but not nominal variables.
d. neither nominal nor real variables

ANS: B

b. nominal variables, but not real variables.

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