Empirically, a Large Amount of Evidence Suggests That Money Neutrality

question 39

Multiple Choice

Empirically, a large amount of evidence suggests that money neutrality ________, but changes in money supply ________.

• A) holds in the short run; do not affect nominal variables
• B) does not hold in the long run; can have real effects in the short run
• C) holds in the short run; can have real effects in the long run
• D) holds in the long run; can have real effects in the short run
• E) does not hold in the long run; have an effect on unemployment in the long run

---

Definitions:

Younger Republicans

A term that might refer to a newer generation or faction within the Republican Party, emphasizing different or evolving priorities and policies from older members.

Economic Independence

The state of having sufficient personal wealth to live, without needing to work actively for basic necessities, allowing individuals or nations to operate without being influenced by external economic pressures.

Property Qualifications

Requirements that individuals must own property of a certain value to enjoy certain rights, like voting or holding office, prevalent in historical democracies.