Options in blanks 1. $18, $6 , 0.33 donuts , 3 donuts 2. Increase, decrease, sta

Question

Options in blanks 1. $18, $6 , 0.33 donuts , 3 donuts 2. Increase, decrease, stay the same 3. Increase, decrease, stay the same 4. Does not affect, does affect 5. Does not affect, does affect iPad 4:18 PM * 78%- courses.aplia.com Money Growth and Inflation raded Assignment | Read Chapter 17 I Back to Assignment Due Friday 1110.17 at 11:00 Average: 5 Attempts 3. The classical dichotomy and the neutrality of money The classical dichetomy is the separation of real and nominal variables. The folowing questions test your understanding of this distinction Ana spends all of her money on comic books and donuts. In 2011, she earned $27.00 per hour, the price of comic book was S9.00, and the price of a donut was $3.00 Which of the following give the nominal value of a variable? Check al that apply Ana's wage is 3 comic books per hour in 2011 O The price of a donut is 0.33 comik books in 201 O The price of a donut is $3.00 in 2011 Which of the following give the real value of a variable? Check all that apply. O Ana's wage is s27.00 per hour in 2011 The price of a comic book is $9.00 in 2011. The price of a comic book is 3 donuts in 2011 Suppose that the Fed sharply increases the money supply between 2011 and 2016. In 2016, Ana'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 2016, the relative price of a comic book is Between 2011 and 2016, the nominal value of Ana's wage and the real value of her wage Monetary neutrality is the proposition that a change in the money supply nominal vanables and real Continue without saving Copyright Notices Terms of UsePriwacy NoticeSecunity Notice

Explanation / Answer

(c) The price of doughnut is $3.00 in 2011 is a nominal value

(c) the price of comic book Is 3 dougnuts in 2011

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