Business, 07.12.2021 03:00 jetblackcap

The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Crystal spends all of her money on comic books and donuts. In 2013, 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? a. Susan's wage is 3 comic books per hour in 2009.
b. The price of a mandarin is 0.33 comic books in 2009.
c. The price of a mandarin is $3.00 in 2009.

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

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