Monetary policy affects which of the following variables in the long run?
A) the level of output
B) the rate of unemployment
C) the rate of inflation
D) the real interest rate
E) all of the above
C
Economics
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Suppose an economy's entire output is cars. In Year 1, all manufacturers produce cars at $15,000 each; the real GDP is $300,000. In Year 2, 20 cars are produced at $16,000 each. What is the real GDP in Year 2?
(A) $280,000 (B) $20,000 (C) $320,000 (D) $300,000
Economics
The Montreal Protocol is expected to save the ozone layer
Indicate whether the statement is true or false
Economics