Which of the Following Is Accurate

question 498

Multiple Choice

Which of the following is accurate?

• A)Monetary policy is neutral in both the short run and the long run.
• B)Though monetary policy is neutral in the long run, it may have effects on real variables in the short run.
• C)Monetary policy has profound effects on real variables in both the short run and the long run.
• D)Monetary policy has profound effects on real variables in the long run, but is neutral in the short run.

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Definitions:

Assent

Agreement or approval, typically given formally or officially, to a proposition or contract terms.

Offeree

The person or party to whom an offer is made, especially in contract law.

Offeror

The party in a contractual agreement who makes an offer to enter into a contract, awaiting acceptance by the offeree.

Stipulates

Specifies expressly, setting out terms or conditions clearly within an agreement or document.