According to the Classical Model,which of the Following Would Double

question 6

Multiple Choice

According to the classical model,which of the following would double if the quantity of money doubled?

• A)prices but not nominal income
• B)nominal income but not prices
• C)both prices and nominal income
• D)neither prices nor nominal income

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Definitions:

Tangible Object

An item that can be physically touched and seen, possessing material existence.

Intangible Object

An asset or property that does not have a physical presence but possesses value, such as intellectual property or digital assets.

Tangible Property

Physical property that can be touched and seen, such as buildings, machinery, and inventory.

Stocks

Shares of ownership in a corporation, giving holders a claim on the corporation's earnings and assets.