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which of the following give the real value of the variable in which of the following give a nominal value of a variable
3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Sofia divides all of her income between spending on digital movie rentals and lattes. In 2012, she earned an hourly wage of $\$ 28.00$, the price of a digital movie rental was $\$ 7.00$, and the price of a latte was $\$ 4.00$. Which of the following give the real value of a variable? Check all that apply. Sofia's wage is 7 lattes per hour in 2012 . Sofia's wage is $\$ 28.00$ per hour in 2012. The price of a digital movie rental is $\$ 7.00$ in 2012. Which of the following glve the nominal value of a variable? Check all that apply. Sofia's wage is $\$ 28,00$ per hour in 2012 . Sofia's woge is 4 digital movie rentais per hour in 2012 . The price of a latte is 0.57 digital movie rentals in 2012 . Suppose that the Fed sharply increases the money supply between 2012 and 2017. In 2017, Sofla's wage has risen to $\$ 56.00$ per hour. The price of a digital movie rental is $\$ 14.00$ and the price of a latte is $\$ 8.00$. In 2017, the relative price of a digital movie rental is 1.75 lattes $V$.
digitnil movie rental was $\$ 7.00$, and the price of a latte was $\$ 4.00$. Which of the following give the real value of a variable? Check all that appiy. Sofia's wage is 7 lattes per hour in 2012. Sofia's wage is $\$ 28.00$ per hour in 2012. The price of a digital movie rental is $\$ 7.00$ in 2012 . Which of the following give the nominal value of a variable? Check all that opply: Soha's wage is $\$ 28.00$ per hour in 2012 . Sofa's wage is 4 digital move rentals per hour in 2012. The price of a latte is 0,57 digital movie rentals in 2012 . Suppose that the Fed sharply increases the money supply between 2012 and 2017. In 2017, Sofia's wage has risen to 556.00 per hour. The price of a digital movie rental is $\$ 14,00$ and the price of a latte is $\$ 8.00$. In 2017, the relative price of a digital movie rental is 1.75 lattes $\nabla$. Between 2012 and 2017, the nominal value of Sofa's wage Increases $\nabla$, and the real value of her wage remains the same $\boldsymbol{\nabla}$. Monetary nevtrality is the proposition that a change in the money supply affects nominal variables and does not affect $\nabla$ real variabies.
3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Sofia divides all of her income between spending on digital movie rentals and lattes. In 2012, she earned an hourly wage of $\$ 28.00$, the price of a digital movie rental was $\$ 7.00$, and the price of a latte was $\$ 4.00$. Which of the following give the real value of a variable? Check all that apply. Sofia's wage is 7 lattes per hour in 2012 . Sofia's wage is $\$ 28.00$ per hour in 2012. The price of a digital movie rental is $\$ 7.00$ in 2012. Which of the following glve the nominal value of a variable? Check all that apply. Sofia's wage is $\$ 28,00$ per hour in 2012 . Sofia's woge is 4 digital movie rentais per hour in 2012 . The price of a latte is 0.57 digital movie rentals in 2012 . Suppose that the Fed sharply increases the money supply between 2012 and 2017. In 2017, Sofla's wage has risen to $\$ 56.00$ per hour. The price of a digital movie rental is $\$ 14.00$ and the price of a latte is $\$ 8.00$. In 2017, the relative price of a digital movie rental is 1.75 lattes $V$.
digitnil movie rental was $\$ 7.00$, and the price of a latte was $\$ 4.00$. Which of the following give the real value of a variable? Check all that appiy. Sofia's wage is 7 lattes per hour in 2012. Sofia's wage is $\$ 28.00$ per hour in 2012. The price of a digital movie rental is $\$ 7.00$ in 2012 . Which of the following give the nominal value of a variable? Check all that opply: Soha's wage is $\$ 28.00$ per hour in 2012 . Sofa's wage is 4 digital move rentals per hour in 2012. The price of a latte is 0,57 digital movie rentals in 2012 . Suppose that the Fed sharply increases the money supply between 2012 and 2017. In 2017, Sofia's wage has risen to 556.00 per hour. The price of a digital movie rental is $\$ 14,00$ and the price of a latte is $\$ 8.00$. In 2017, the relative price of a digital movie rental is 1.75 lattes $\nabla$. Between 2012 and 2017, the nominal value of Sofa's wage Increases $\nabla$, and the real value of her wage remains the same $\boldsymbol{\nabla}$. Monetary nevtrality is the proposition that a change in the money supply affects nominal variables and does not affect $\nabla$ real variabies.
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