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Refusing to hire qualified job applicants because of the color of their skin is to engage in
Real Variables
Economic variables that have been adjusted for inflation, allowing for the comparison of quantities over time.
Monetary Neutrality
The idea that changes in the money supply only affect nominal variables and have no long-term impact on real variables like output or employment.
Real Variables
Economic variables that have been adjusted for changes in price levels, reflecting the actual purchasing power.
Nominal Variables
Variables measured in monetary terms without adjusting for inflation, reflecting current prices.
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