According to the Classical Dichotomy,when the Money Supply Doubles,which of the Following

question 43

Multiple Choice

According to the classical dichotomy,when the money supply doubles,which of the following also doubles?

• A)the price level
• B)nominal wages
• C)nominal GDP
• D)All of the above are correct.

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Definitions:

Biweekly

occurs or is done every two weeks or twice a week, depending on context.

Credit Balance

Occurs when the amount paid is greater than was due or the account is being paid in advance of service provided.

Processing Fee

A charge assessed for the handling, processing, or servicing of an application, transaction, or purchase.

Monthly Billing

A payment structure where charges for services or utilities are invoiced to customers every month.