In the Long Run, the Classical Dichotomy Holds That

question 27

Multiple Choice

In the long run, the classical dichotomy holds that:

• A) money is not neutral.
• B) there is constant tension between inflation and unemployment.
• C) the inflation and unemployment rates are zero.
• D) steady-state growth is a constant 2 percent.
• E) there is no trade-off between inflation and real GDP.

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