What is another word for classical dichotomy?
Pronunciation: [klˈasɪkə͡l da͡ɪkˈɒtəmɪ] (IPA) 
The classical dichotomy is an economic concept that refers to the separation of real and nominal variables in an economy. However, there are several synonyms to help gain a better understanding of this concept. For instance, monetary neutrality refers to the inability of monetary policy to influence the real economy in the long run. Another synonym is the separation problem, which indicates the difficulty in isolating real and nominal variables in an economy. Additionally, the quantity theory of money is a synonym for classical dichotomy, which states that changes in the money supply lead to changes in nominal variables such as prices, but have no impact on real variables like output and employment. By understanding these synonyms, economists can better analyze the separation of real and nominal variables in an economy.
