Business, 15.11.2019 20:31 ramireznoem1031

The classical dichotomy and the neutrality of money

the classical dichotomy is the separation of real and nominal variables. the following questions test your understanding of this distinction.

maria spends all of her money on paperback novels and beignets. in 2011 she earned $27.00 per hour, the price of a paperback novel was $9.00, and the price of a beignet was $3.00.

which of the following give the nominal value of a variable? check all that apply.

-the price of a beignet is $3.00 in 2011.

-maria's wage is $27.00 per hour in 2011.

-the price of a beignet is 0.33 paperback novels in 2011.

which of the following give the real value of a variable? check all that apply.

-the price of a paperback novel is 3 beignets in 2011.

-maria's wage is 9 beignets per hour in 2011.

-the price of a paperback novel is $9.00 in 2011.

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The classical dichotomy and the neutrality of money

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