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Which one of the following is most resistant to chemical biocides?
Classical Notion
An economic theory advocating for free markets, competition, and minimal government intervention in the economy.
Monetary Neutrality
The proposition that changes in the money supply do not affect real variables.
Long-Run Phillips
An economic concept suggesting that there is no long-term trade-off between inflation and unemployment, contrary to the short-run Phillips curve.
Monetary Neutrality
The concept that changes in the money supply only affect nominal variables, like prices, not real variables like output or employment in the long term.
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