When Economists State That Money Is Neutral in the Long

question 35

Multiple Choice

When economists state that money is neutral in the long run, they mean that in the long run,

• A)fluctuations in the money supply are equally likely to lead to recessions as to expansions.
• B)changes in the money supply have the same impact on the rich as they do on the poor.
• C)the level of output is independent of the nominal money supply.
• D)the price level is independent of the nominal money supply.

---

Definitions:

Common Factors Approach

A perspective in psychotherapy that identifies core elements that different therapeutic approaches share, which are believed to contribute to their effectiveness.

Treatment Plan

A detailed, personalized program designed for an individual's therapy, including goals, strategies, and measurements of progress.

Evidence Base

The collection of data, facts, documentation, and research findings that supports the efficacy, effectiveness, and safety of a specific approach, intervention, or methodology within professional practices.

Client Demographics

Information about the age, race, gender, socioeconomic status, and other characteristics of clients, used to tailor and improve therapeutic services.