According to the classical dichotomy, which of these magnitudes is affected by monetary policy?
A. the price level
B. the real wage
C. the real interest rate
D. the rate of growth of real GDP
Answer: A. the price level
Economics
You might also like to view...
Which of the following companies was NOT implicated in a scandal in the early 2000s?
a. enron b. coca-cola c. tyco international d. all of the above were implicated in scandals
Economics
If an airline chooses to practice price discrimination to increase profit, it will:
a. charge higher fares to those with a more elastic demand. b. charge higher fares to those with a less elastic demand. c. determine a fare for each passenger according to the costs of serving the passenger. d. charge everyone the same fare.
Economics