An important argument in the proposition that money is neutral in the long-run is that the nominal interest rate must equal the real interest rate. the federal budget is balanced. prices are flexible. business cycles have become much milder.

An important argument in the proposition that money is neutral in the long-run is that the nominal interest rate must equal the real interest rate. the federal budget is balanced. prices are flexible. business cycles have become much milder.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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An important argument in the proposition that money is neutral in the long-run is
that
the nominal interest rate must equal the real interest rate.
the federal budget is balanced.
prices are flexible.
business cycles have become much milder.

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