The saying "money is a veil." means that a. the primary determinant of short-run economic fluctuations is not real variables, but rather changes in the money supply. b. in the long run money is of no importance to the determination of either real or nominal variables. c. money is the principal medium of exchange in most economies. d. while nominal variables are the first thing we may observe about an economy, what's important are the real variables and the forces that determine them

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.