Neutrality of money refers to
◦ a certain percentage change in the money supply has the same percentage change in economic activity.
◦ money being a medium of exchange for everyone.
◦ a one-time change in the money supply has a one-time change in economic activity.
◦ a one-time change in the money supply affects consumption and investment decisions only.
◦ a one-time change in the money supply has no real consequence for the economy.