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

question 193

Multiple Choice

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

• A)the price level and nominal wages
• B)the price level,but not the nominal wage
• C)the nominal wage,but not the price level
• D)neither the nominal wage nor the price level

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Definitions:

Sensitives

Individuals or entities that are highly responsive or susceptible to external stimuli or changes in their environment.

Entitleds

Individuals who believe they deserve special treatment or privileges, regardless of their actual accomplishments or contributions.

Equity

The concept of fairness or justice in the distribution of resources or treatment of individuals.

Sensitives

Individuals or groups that show a heightened awareness or response to certain stimuli or environments.