According to Classical Macroeconomic Theory, Changes in the Money Supply

question 51

True/False

According to classical macroeconomic theory, changes in the money supply change real GDP but not the price level.

---

Definitions:

Bipolar Disorder

Disorder typically marked by the experience of both depressed and manic periods.

Major Depression

A mental disorder characterized by a persistent and intense feeling of sadness or loss of interest, affecting daily functioning.

Schizophrenia

A disorder marked by delusions, hallucinations, disorganized thinking and speech, and deterioration of adaptive behavior.

Bipolar Disorders

A group of mood disorders characterized by periods of significant mood swings between mania and depression.