According to Classical Economists the role of money is that of
Classical monetary theory primarily treats money as a medium of exchange that facilitates transactions. In the classical dichotomy, money does not determine real output in…
Choose your answer
According to Classical Economists the role of money is that of
Answer and explanation
Correct answer B
Classical monetary theory primarily treats money as a medium of exchange that facilitates transactions. In the classical dichotomy, money does not determine real output in the long run; the intertemporal store-of-wealth emphasis is associated more closely with Keynesian monetary analysis.
Practice for these exams
-
Karnataka SET (KSET)