Why Do Economists Who Follow the Classical Assumptions Hold That

question 71

Essay

Why do economists who follow the classical assumptions hold that monetary policy has no impact on long-run GDP?

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Definitions:

Listening

The active process of receiving, interpreting, and responding to verbal and non-verbal messages.

Personal Distance

The physical space preferred by an individual in social interactions, which can vary significantly between different cultures and personal preferences.

Develop Rapport

The process of building a harmonious and understanding relationship between individuals.

Secrecy

The act or practice of keeping information hidden or confidential, not to be shared or disclosed with unauthorized individuals.