This Question: 1 pt 27 of 40 (0 complete) The view of the Classical economists r

Question

This Question: 1 pt 27 of 40 (0 complete) The view of the Classical economists regarding the "neutrality of money" was that O A. the distribution of income is independent of the allocation of resources. 0 B. money is neutral in its effect on absolute prices in the economy ° C. the allocation of resources is independent of the distribution of income. O D. the real part of the economy cannot affect the level of money prices. O E. the quantity of money has no effect on any real variables in the economy.

Explanation / Answer

(1) (E)

(2) (B)

Present value = $121 / (1.10) = $100

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