According to the Classical Dichotomy, Which of the Following Is

question 54

Multiple Choice

According to the classical dichotomy, which of the following is not influenced by monetary factors?

• A)nominal GDP and nominal interest rates
• B)real wages and real GDP
• C)the price level and nominal GDP
• D)None of the above is correct.

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Definitions:

March To The Sea

A strategic military campaign during the American Civil War where Union General William Tecumseh Sherman led forces from Atlanta to Savannah, Georgia, destroying military targets as well as civilian property to cripple the Confederate war effort.

Georgia

A state in the Southeastern region of the United States or alternatively, a country located at the intersection of Europe and Asia.

Economic Impact

The effect that an event, policy, or market trend has on economic factors such as GDP, employment, and inflation.

Civil War

A war between citizens of the same country, often resulting from disputes over governance, territory, or other internal issues.