According to the Classical Dichotomy, When the Money Supply Doubles

question 111

Multiple Choice

According to the classical dichotomy, when the money supply doubles, which of the following also double(s) ?

• A)the price level and nominal GDP
• B)the price level and real GDP
• C)only real GDP
• D)only the price level

---

Definitions:

Natural Gas Transportation

The process of moving natural gas from its production site to the end user, typically involving pipelines or liquified natural gas carriers.

Oil Shale

A type of rock that contains significant amounts of organic material in the form of kerogen, which can be converted into synthetic oil through heating.

Net Useful Energy

The amount of energy available for use after subtracting the energy lost during generation, transmission, and conversion.

Subsurface Mining

A method of extracting minerals and ores from beneath the earth's surface, as opposed to open-pit or surface mining, often requiring tunnels or shafts.