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Business, 24.12.2019 04:31 bougiehairstudios

The classical dichotomy is the separation of real and nominal variables. the following questions test your understanding of this distinction. kyoko spends all of her money on magazines and mandarins. in 2012, she earned $18.00 per hour, the price of a magazine was $9.00, and the price of a mandarin was $2.00. which of the following give the nominal value of a variable? check all that apply. kyoko's wage is $18.00 per hour in 2012. kyoko's wage is 2 magazines per hour in 2012. the price of a mandarin is 0.22 magazines in 2012. which of the following give the real value of a variable? check all that apply. kyoko's wage is 9 mandarins per hour in 2012. kyoko's wage is $18.00 per hour in 2012. the price of a magazine is $9.00 in 2012. suppose that the fed sharply increases the money supply between 2012 and 2017. in 2017, kyoko's wage has risen to $36.00 per hour. the price of a magazine is $18.00 and the price of a mandarin is $4.00. in 2017, the relative price of a magazine is . between 2012 and 2017, the nominal value of kyoko'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.

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The classical dichotomy is the separation of real and nominal variables. the following questions tes...
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