Economics · Macroeconomics
According to the classical dichotomy principle, which of the following statements is true?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Real variables do not affect nominal variables in the long run.
- 2Nominal variables do not affect real variables in the short run.
- 3Real variables do not affect nominal variables in the short run.
- 4Nominal variables do not affect real variables in the long run.✓
Correct answer
Nominal variables do not affect real variables in the long run.
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