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The classical model is appropriate for analysis of the economy in the Select one: O a. long run, since evidence indicates that money is not
The classical model is appropriate for analysis of the economy in the Select one: O a. long run, since evidence indicates that money is not neutral in the long run. b. long run, since real and nominal variables are essentially determined separately in the long run. O c. short run, provided money is not neutral. O d. short run, provided real and nominal variables are highly intertwined
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