Economic test questions and answers

Economic test questions and answers

4e sampleexamOxford University Press 2005All rights reservedMacroeconomics Burda Wyplosz Sample Exam Questions Question 1 What do economists understand by the concept of money neutrality Answer 1 Monetary neutrality characterizes an economy in which prices are completely flexible so that shocks and policy changes in the monetary sector ieanything other than realthat would shift either the demand or supply of real money have no impact on the equilibrium in the real economy egreal out Source: Economic test questions and answers

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