John Maynard Keynes said, "In the long run we are all dead."
a. How is this quote consistent with the concept of money neutrality?
The primary focus should not be on monetary policy in the long run, since it's neutrality does not affect society's welfare in the present.
Monetary policy does have real effects on the economy in the short run, which impacts society's welfare in the present.
Only fiscal policy matters for society's welfare.
Monetary policy is not relevant since it is neutral in the long run.
