In the classical system, the quantity of money a. determines the pric
In the classical system, the quantity of money
a. determines the price level and, for a given real income, the level of nominal income.
b. does not affect the equilibrium values of output, employment, and the interest rate.
c. affects the equilibrium values of output, employment, and the interest rate.
d. Both a and b
e. Both a and c
ANSWER
D
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