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1- According to the classical dichotomy, which of the following is largely independent of monetary factors? A. Savings B. Nominal GDP C. Price level D. Nominal interest rates 2.-As the average price level in the economy falls, people will A. use less money as a medium of exchange. B. use more...

A market price climbs toward equilibrium. Which of the following is the result? a. New suppliers and consumers interact in the market, but get no surplus b. Only new suppliers, but no new consumers trade in the market c. New suppliers and new consumers trade in the market, but only suppliers get...