According to Classical Macroeconomic Theory,changes in the Money Supply Affect

question 17

Multiple Choice

According to classical macroeconomic theory,changes in the money supply affect

• A)nominal variables and real variables.
• B)nominal variables,but not real variables.
• C)real variables,but not nominal variables.
• D)neither nominal nor real variables.

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Definitions:

Percentage Calculation

The mathematical process of finding a part of a number in terms of 100.

Commission Rate

The percentage or fixed fee that is charged as commission for performing a service or transaction.

Base Salary

The initial rate of compensation that an employee receives, not including overtime, bonuses, or other extra pay.

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The mathematical process of determining the proportionate amount of a whole as a percentage.