The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Alyssa spends all of her money on comic books and donuts. In 2012, she earned $27.00 per hour, the price of a comic book was $9.00, and the price of a donut was $3.00. Which of the following give the nominal value of a variable? Check all that apply. Alyssa's wage is $27.00 per hour in 2012. The price of a donut is 0.33 comic books in 2012. Alyssa's wage is 3 comic books per hour in 2012. Which of the following give the real value of a variable? Check all that apply. Alyssa's wage is 9 donuts per hour in 2012. The price of a comic book is $9.00 in 2012. Alyssa's wage is $27.00 per hour in 2012. Suppose that the Fed sharply increases the money supply between 2012 and 2017. In 2017, Alyssa's wage has risen to $54.00 per hour. The price of a comic book is $18.00 and the price of a donut is $6.00. In 2017, the relative price of a comic book is . Between 2012 and 2017, the nominal value of Alyssa's wage , and the real value of her wage . Monetary neutrality is the proposition that a change in the money supply nominal variables and real variables.

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.