MONETARY NEUTRALITY
\mˈʌnɪtəɹi njuːtɹˈalɪti], \mˈʌnɪtəɹi njuːtɹˈalɪti], \m_ˈʌ_n_ɪ_t_ə_ɹ_i n_j_uː_t_ɹ_ˈa_l_ɪ_t_i]\
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GDP, the number of jobs, or the general public's consumption of goods are not affected by the amount of money printed by the Federal Reserve and central banks according to this tenet of classical economics. Prices as the nominal variable of goods, services, and wages do feel the impact in a rise in the money supply.
By Henry Campbell Black
