According to classical macroeconomic theory, changes in the money supply affect Nominal variables and real variables.

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

• Nominal variables and real variables.

• Nominal variables, but not real variables.

• Real variables. but not nominal variables.

• Neither nominal nor real variables.

Related Book For answer-question

Principles of Money Banking and Financial Markets

ISBN: 978-0321339195

12th edition

Authors: Lawrence S. Ritter, William L. Silber, Gregory F. Udell

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Posted Date: May 23, 2019 12:11 AM

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According to classical macroeconomic theory, changes in the money supply affect Nominal variables and real variables.

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Principles of Money Banking and Financial Markets

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