according to the classical dichotomy, which of the following is influenced by monetary factors?

(Adichotomy is a division into two groups, and classical refers to the earlier economic thin kers.) A. the real interest rate b. real GDP c. the... deposits that banks have received but have not yet loaned out.Which of the following best illustrates the concept of a store of value?You keep 6 ounces of gold in your safe-deposit box at the bank for emergencies.A central bank's setting (or altering) of the money supply is known asthe ease with which an asset is converted to the medium of exchange.In a 100-percent-reserve banking system, if people decided to decrease the amount of currency they held by increasing the amount they held in checkable deposits, thenThe Fed's primary tool to change the money supply isWhich of the following does the Federal Reserve not do?Which of the following best illustrates the unit of account function of money?You list prices for candy sold on your Web site, www.sweettooth.com, in dollars.is required when there is no item in an economy that is widely accepted in exchange for goods and services, is required in an economy that relies on barter, is a hindrance to the allocation of resources when it is required for trade.For purposes of analyzing the money stock and its relationship to relevant economic variables, money is best thought of asthose items that can be readily accessed and used to buy goods and services.The "yardstick" people use to post prices and record debts is calledGiven the following information, what are the values of M1 and M2?the bank keeps 8 percent of its deposits as reserves and loans out the rest.If the reserve ratio is 10 percent, the money multiplier isIf the reserve ratio is 5 percent, then $500 of additional reserves can create up tothose types of wealth that are regularly accepted by sellers in exchange for goods and services.Today, bank runs are not a major problem for the U.S. banking system becausethe federal government now guarantees the safety of deposits at most banks.increasing the money supply. Real GDP ОО Investment Nominal Interest Rates The Real Wage Rate Question 30 (1 Point) Which Statement Best Defines The Velocity Of Money? b. inflation and nominal interest rates, but does not change real interest rates. The nominal exchange rate is 100 yen per dollar. It is the rate at which the central bank puts money into the economy. 110.Changes in nominal variables are determined mostly by the quantity of money and the monetary system according to 105.According to the classical dichotomy, which of the following is influenced by monetary factors? It is the long-term growth rate of the money supply.

Tile separation of real and nominal variables is now called the classical dichotomy. The Neutrality of Money and Classical Dichotomy! Question 1: 1. NAT: Analytic LOC: The role of money TOP: Classical dichotomy MSC: Definitional 105. a. real GDP. According to the classical dichotomy, which of the following increase when the money supply increases? This causedTechnological progress shifts the long-run aggregate supply curve to the right.the supply of dollars in the market for foreign-currency exchange increases, so the exchange rate falls.Other things the same, if the U.S. price level rises, thenWhich of the following shifts short-run, but not long-run aggregate supply right?According to classical macroeconomic theory, changes in the money supply change real GDP but not the price level.Which of the following shifts both the short-run and long-run aggregate supply right?raise the quantity demanded of goods and services, but lower the quantity supplied.Other things the same, a fall in an economy's overall level of prices tends toIn which case can we be sure real GDP rises in the short run?Fluctuations in real GDP are caused only by changes in aggregate demand and not by changes in aggregate supply.The recessions of the 1970s are often attributed toIf countries that imported goods and services from the United States went into recession, we would expect that U.S. net exports wouldAccording to classical macroeconomic theory, changes in the money supply affectis lower than expected so that firms believe the relative price of their output has decreased.Other things the same, the aggregate quantity of output supplied will decrease if the price levelallows each country to consume at a point outside its production possibilities frontier.Real GDP is the yearly production of final goods and services valued atThe one variable that stands out as the most significant explanation of large variations in living standards (real GDP per capita) around the world isKeynes believed that economies experiencing high unemployment should adopt policies toaggregate demand decreases, which the Fed could offset by increasing the money supply.Most economists believe that classical theory describes the worldThe initial impact of the repeal of an investment tax credit is to shiftThe Fed is pursuing two objectives as given by Congress ____________.The Federal Open Market Committee (FOMC) has chosen an inflation target of _______________ growth over the longer term.

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