What Was the View of the Classical Economists with Regard

question 67

Multiple Choice

What was the view of the Classical economists with regard to the "neutrality of money"?

• A)The allocation of resources is independent of the distribution of income.
• B)The distribution of income is independent of the allocation of resources.
• C)The real part of the economy cannot affect the level of money prices.
• D)The quantity of money has no effect on any real variables in the economy.
• E)Money is neutral in its effect on absolute prices in the economy.

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