The classical proportional relation between money and price will hold in which of the following cases:

A. Rigidity of nominal variables

B. Perfectly inelastic AS curve

C. Rigidity of real variable

D. Positive relationship between money supply and production

E. Long-run Analysis

Choose the correct answer from the options given below: 

1
A, D and E only
2
A and E only
3
B and C only
4
B, C and D only

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