According to the principle of Classical Dichotomy (bifurcation principle) in macroeconomics:

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Economics · Macroeconomics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Nominal variables do not affect real variables in the long run

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Answer 1

Real variables have zero effect on nominal variables in the long run

Answer 2

Nominal variables have no influence on real variables in the short run

Answer 3

Real variables cannot influence nominal variables in the short run

Answer 4

Nominal variables do not affect real variables in the long run

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