Business, 14.07.2020 01:01 chloe1107

The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Rina spends all of her money on comic books and beignets. In 2011 she earned $14.00 per hour, the price of a comic book was $7.00, and the price of a beignet was $2.00.
Which of the following give the nominal value of a variable?
A) Rina's wage is 2 comic books per hour in 2011.
B) The price of a beignet is $2.00 in 2011.
C) Rina's wage is $14.00 per hour in 2011.

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

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