According to Classical Macroeconomic Theory, Changes in the Money Supply

question 159

True/False

According to classical macroeconomic theory, changes in the money supply change nominal but not real variables.

---

Definitions:

Good

A moral quality or action that is considered beneficial, virtuous, or valuable.

Self-actualized Persons

Individuals who have achieved the highest level of psychological development, realizing their full potential and living with a sense of purpose and inner peace.

Maslow

Refers to Abraham Maslow, a psychologist known for creating Maslow's hierarchy of needs, a theory in psychology concerning human motivation.

Creativeness

The ability to produce original and unusual ideas, or to make something new or imaginative.