According to the classical dichotomy, which of the following is not influenced by monetary factors?
a. the price level
b. real GDP
c. nominal interest rates
d. All of the above are correct.
b
Economics
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What determines the real exchange rate and the nominal exchange rate in the long run?
What will be an ideal response?
Economics
Refer to Figure 13-1. The marginal revenue from the increase in price from P0 to P1 equals
A) the area (A - D). B) the area (B + D - A). C) the area (C - B). D) the area A.
Economics