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.

maria spends all of her money on paperback novels and beignets. in 2011 she earned $27.00 per hour, the price of a paperback novel was $9.00, and the price of a beignet was $3.00.

which of the following give the nominal value of a variable? check all that apply.

-the price of a beignet is $3.00 in 2011.

-maria's wage is $27.00 per hour in 2011.

-the price of a beignet is 0.33 paperback novels in 2011.

which of the following give the real value of a variable? check all that apply.

-the price of a paperback novel is 3 beignets in 2011.

-maria's wage is 9 beignets per hour in 2011.

-the price of a paperback novel is $9.00 in 2011.

Match the steps for conducting an informational interview with the tasks in each step.

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates