Homework Answers
classical dichotomy model tells that in the long run money is neutral wale the change in money supply will not change the real interest rate of the output but there can be chances of change in prices and wages according to the inflation but the output remains constant on the whole and in this regard
(D) both a and b is the answer to this question
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According to the classical dichotomy, in the long run, a change in the money supply will...
According to the classical model, an increase in the money supply causes a. output to increase...
According to the classical model, an increase in the money supply causes a. output to increase in the long run. b. the unemployment rate to fall in the long run. c. prices to rise in the long run. d. interest rates to fall in the long run.
The classical dichotomy and monetary neutrality are represented graphically by an upward-sloping short-run aggregate-curve. a vertical long-run aggregate-supply...
The classical dichotomy and monetary neutrality are represented graphically by an upward-sloping short-run aggregate-curve. a vertical long-run aggregate-supply curve. an upward-sloping long-run aggregate-supply curve. a downward-sloping aggregate-demand curve.
3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of...
3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Becky spends all of her money on magazines and donuts. In 2015, she earned $18.00 per hour, the price of a magazine was $9.00, and the price of a donut was $2.00. Which of the following give the nominal value of a variable? Check all that apply. Becky's wage is 2...
3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of...
3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Dina spends all of her money on comic books and beignets. In 2012, she earned $27.00 per hour, the price of a comic book was $9.00, and the price of a beignet was $3.00. Which of the following give the nominal value of a variable? Check all that apply. Dina's wage...
3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of...
3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Eileen spends all of her money on comic books and beignets. In 2014, she earned $27.00 per hour, the price of a comic book was $9.00, and the price of a beignet was $3.00. Which of the following give the nominal value of a variable? Check all that apply. Eileen's wage...
3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of...
3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Alyssa spends all of her money on comic books and mandarins. In 2015, she earned $16.00 per hour, the price of a comic book was $8.00, and the price of a mandarin was $1.00. Which of the following give the nominal value of a variable? Check all that apply. The price...
1. According to the classical dichotomy, when the money supply decreases, ______ will decrease. a. real...
1. According to the classical dichotomy, when the money supply decreases, ______ will decrease. a. real GDP b. consumption spending c. the price level d. investment spending 2. In Zimbabwe in the 1990s the government resorted to printing money to pay the government employees because: a. it was a means to avoid price controls. b. of high rates of inflation. c. of declining tax revenues. D of a need to stimulate the economy. 3. To end a hyperinflation, a government...
32. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of...
32. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Neha spends all of her money on paperback novels and donuts. In 2011, she earned $27.00 per hour, the price of a paperback novel was $9.00, and the price of a donut was $3.00 Which of the following give the nominal value of a variable? Check all that apply Neha's wage...
3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of...
3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Ginny spends all of her money on magazines and beignets. In 2015, she earned $27.00 per hour, the price of a magazine was $9.00, and the price of a beignet was $3.00. Which of the following give the nominal value of a variable? Check all that apply. -Ginny's wage is 3...
The long-run aggregate supply curve Group of answer choices is a graphical representation of the classical...
The long-run aggregate supply curve Group of answer choices is a graphical representation of the classical dichotomy. indicates monetary neutrality in the long run. is vertical All of the above are correct.
3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Becky spends all of her money on magazines and donuts. In 2015, she earned $18.00 per hour, the price of a magazine was $9.00, and the price of a donut was $2.00. Which of the following give the nominal value of a variable? Check all that apply. Becky's wage is 2...
3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Eileen spends all of her money on comic books and beignets. In 2014, she earned $27.00 per hour, the price of a comic book was $9.00, and the price of a beignet was $3.00. Which of the following give the nominal value of a variable? Check all that apply. Eileen's wage...
3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Alyssa spends all of her money on comic books and mandarins. In 2015, she earned $16.00 per hour, the price of a comic book was $8.00, and the price of a mandarin was $1.00. Which of the following give the nominal value of a variable? Check all that apply. The price...
32. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Neha spends all of her money on paperback novels and donuts. In 2011, she earned $27.00 per hour, the price of a paperback novel was $9.00, and the price of a donut was $3.00 Which of the following give the nominal value of a variable? Check all that apply Neha's wage...
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