The Saying "Money Is a Veil." Means That

question 2

Multiple Choice

The saying "Money is a veil." means that

• A)while nominal variables are the first thing we may observe about an economy,what's important are the real variables and the forces that determine them.
• B)money is the principal medium of exchange in most economies.
• C)the primary determinant of short-run economic fluctuations is not real variables,but rather changes in the money supply.
• D)in the long run money is of no importance to the determination of either real or nominal variables.

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Definitions:

Adaptation

The process by which an organism becomes better suited to its habitat through genetic changes and behavioral adjustments.

Priming

The activation, often unconsciously, of certain associations, thus predisposing one’s perception, memory, or response.

Blindsight

A condition in which a person can respond to visual stimuli without consciously perceiving them, typically occurring after damage to the primary visual cortex.

Subliminal Message

A signal or message designed to pass below the normal limits of perception, not consciously perceived but able to influence thoughts or behavior.