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