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

question 43

Multiple Choice

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

• A)the price level
• B)nominal wages
• C)nominal GDP
• D)All of the above are correct.

---

Definitions:

Distorted Ways

Refers to cognitive distortions, which are irrational or exaggerated thought patterns that can lead to negative emotions and behaviors.

Physical Causes

Factors or events in the physical world that bring about a change or result.

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Mental Causes

Factors originating in the mind that can lead to certain behaviors or psychological states.