Economics · Classical Macroeconomics
Classical economists argued that money is neutral because:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Prices and wages adjust quickly and flexibly to a monetary expansion✓
- 2Prices are fixed in the short run
- 3Prices are slow to adjust to a monetary expansion
- 4Prices adjust to a monetary expansion only in the long run
Correct answer
Prices and wages adjust quickly and flexibly to a monetary expansion
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