An exploration of the classical economic view that separates real economic variables from nominal ones, its historical context, key concepts, and implications.
Exploring the concept of monetary neutrality, which posits that changes in the money supply affect only nominal variables and not real variables in the long run.
An analysis of the concept of monetary superneutrality, where changes in the growth rate of the money supply do not affect real economic variables.
Explore the concept of nominal variables, how they are used in economics, their importance, and how they differ from real variables.
