According to Classical Macroeconomic Theory,in the Long Run

question 68

Multiple Choice

According to classical macroeconomic theory,in the long run

• A)monetary growth affects both real and nominal variables.
• B)the only real variable affected by monetary growth is the unemployment rate.
• C)a number of factors that affect unemployment are influenced by monetary growth.
• D)monetary growth affects nominal but not real variables.

---

Definitions:

Institutional Racism

Systemic patterns of discrimination perpetuated by established and respected forces in society, such as governments, businesses, and schools.

Affirmative Action

A policy or a set of policies designed to promote the opportunities of historically marginalized groups in areas such as employment and education.

Educational Opportunities

Access to and the availability of educational resources and institutions that facilitate learning and personal development.

Means-Tested

A process by which individuals' or families' income and assets are analyzed to determine eligibility for certain types of government assistance or services.