To Say That Money Is a Veil Means That

question 301

Multiple Choice

To say that money is a veil means that

• A)while nominal variables are the first thing we may observe about an economy, what's important are the real variables and the forces that determine them.
• B)money is the principal medium of exchange in most economies.
• C)the primary determinant of short-run economic fluctuations is not real variables, but rather changes in the money supply.
• D)in the long run money is of no importance to the determination of either real or nominal variables.

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