Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 30 - Part X - Money Growth and Inflation - Quick Check Multiple Choice - Page 655: 1

Answer

d. real, long

Work Step by Step

Nominal variables are measured in monetary units, and real variables are measured in physical units. Money supply changes will affect only nominal variables. Real variables may be temporarily affected in the short run, but money supply changes are best for the long run.
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