Real and Nominal Variables Are Highly Intertwined,and Changes in the Money

question 8

Multiple Choice

Real and nominal variables are highly intertwined,and changes in the money supply change real GDP.Most economists would agree that this statement accurately describes

• A)both the short run and the long run.
• B)the short run,but not the long run.
• C)the long run,but not the short run.
• D)neither the long run nor the short run.

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Definitions:

Explosive

A reactive substance that contains a great amount of potential energy and can produce an explosion when released suddenly, usually accompanied by the generation of light, heat, sound, and pressure.

Explosions

Explosions are rapid expansions of matter resulting in a quick release of energy, often accompanied by the production of heat, light, sound, and shock waves.

Oxygen Source

An entity or process that produces or supplies oxygen, necessary for the survival of most life forms on Earth.

Air

A mixture of gases that constitute the Earth's atmosphere, primarily composed of nitrogen, oxygen, argon, and carbon dioxide.