The Long-Run Neutrality of Money Refers to the Fact That

question 51

Multiple Choice

The long-run neutrality of money refers to the fact that in the long run,monetary policy

• A)changes only real output.
• B)changes only the real interest rate.
• C)changes both real output and the real interest rate.
• D)has no effect on either real output or the real interest rate.

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Definitions:

Care

The provision of what is necessary for the health, welfare, maintenance, and protection of someone or something.

Gilligan

Carol Gilligan is a psychologist known for her work in moral development and ethical relationships, emphasizing the difference in moral reasoning between males and females.

Kohlberg

A theorist known for his work in the development of moral reasoning.

Justice

The concept of moral rightness based on ethics, law, fairness, and equity that also includes the punishment of wrongs.