5. In the basic classical model (which includes RBC theory), money is neutral, which means that changes
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5. In the basic classical model (which includes RBC theory), money is neutral, which means that changes in the nominal money supply change the price level proportionally but do not affect real variables, such as output, employ- ment, and the real interest rate.
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Related Book For 
Macroeconomics Plus Myeconlab With Pearson Global Edition
ISBN: 377221
9th Canadian Edition
Authors: Andrew B. Abel ,Ben Bernanke ,Dean Croushore
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