o search. 3. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal varples. The following questions test your understanding of this distinction. Cho spends all of her money on comic books and donuts. In 2014, she earned $18.00 per hour, the price of a comic book was $9.00, and the price of a donut was $2.00. Which of the following give the nominal value of a variable? Check all that apply. The price of a donut is $2.00 in 2014. Cho's wage is $18.00 per hour in 2014. Cho's wage is 2 comic books per hour in 2014. Which of the following give the real value of a variable? Check all that apply. The price of a comic book is 4.5 donuts in 2014. Cho's wage is 9 donuts per hour in 2014. Cho's wage is $18.00 per hour in 2014. T 7142 7/16/2 Which of the following give the real value of a variable? Check all that apply. The price of a comic book is 4.5 donuts in 2014. Cho's wage is 9 donuts per hour in 2014. Cho's wage is $18.00 per hour in 2014. Suppose that the Fed sharply increases the money supply between 2014 and 2019. In 2019, Cho's wage has risen to $36.00 per hour. The price of a comic book is $18.00 and the price of a donut is $4.00. In 2019, the relative price of a comic book is Between 2014 and 2019, the nominal value of Cho's wage, Monetary neutrality is the proposition that a change in the money supply variables. and the real value of her wage nominal variables and ch 0 Grade It Now Save & Continue Continue without saving 7 ps OS to search Which of the following give the real value of a variable? Check all that apply. The price of a comic book is 4.5 donuts in 2014. Cho's wage is 9 donuts per hour in 2014 0.22 donuts. Cho's wage is $18.00 per hour in 2 $4.00 Suppose that the Fed sharply increases the m 4.5 donuts etween 2014 and 2019. In 2019, Cho's wage has risen to $36.00 per hour. The price of a comic book is $18.00 and the price of a donu In 2019, the relative price of a comic book is $18.00 Between 2014 and 2019, the nominal value of Cho's wage Monetary neutrality is the proposition that a change in the money supply variables. and the real value of her wage nominal variables and real O Grade It Now Save & Continue Continue without saving 25 mss Tips ss Tips Which of the following give the real value of a variable? Check all that apply. The price of a comic book is 4.5 donuts in 2014. Cho's wage is 9 donuts per hour in 2014. Cho's wage is $18.00 per hour in 2014. Suppose that the Fed sharply increases the money supply comic book is $18.00 and the price of a donut is $4.00. ere to search 19. In 2019, Cho's wage has risen to $36.00 per hour. The price of a decreases increases In 2019, the relative price of a comic book is remains the same Between 2014 and 2019, the nominal value of Cho's wage Monetary neutrality is the proposition that a change in the money supply variables. and the real value of her wage nominal variables and real Grade It Now Save & Continue Continue without saving The price of a comic book is 4.5 donuts in 2014. Cho's wage is 9 donuts per hour in 2014. Cho's wage is $18.00 per hour in 2014. Suppose that the Fed sharply increases the money supply between 2014 and 2019. In 2019, Cho's wage has risen to comic book is $18.00 and the price of a donut is $4.00. In 2019, the relative price of a comic book is Between 2014 and 2019, the nominal value of Cho's wage increases decreases remains the same and the real value of her wage Monetary neutrality is the proposition that a change in the money supply, nominal variables and variables. e price of a real Grade It Now Save & Continue Continue without saving The price of a comic book is 4.5 donuts in 2014. Cho's wage is 9 donuts per hour in 2014. Cho's wage is $18.00 per hour in 2014. Suppose that the Fed sharply increases the money supply between 2014 and 2019. In 2019, Cho's wage has risen to $36.00 per hour. The price comic book is $18.00 and the price of a donut is $4.00. In 2019, the relative price of a comic book is affects Between 2014 and 2019, the nominal value of Cho's wage he real value of her wage does not affect Monetary neutrality is the proposition that a change in the money supply nominal variables and real variables. 0 Grade It Now Save & Continue Continue without savin The price of a comic book is 4.5 donuts in 2014. Cho's wage is 9 donuts per hour in 2014. Cho's wage is $18.00 per hour in 2014. Suppose that the Fed sharply increases the money supply between 2014 and 2019. In 2019, Cho's wage has risen to $36.00 per hour. The price of a comic book is $18.00 and the price of a donut is $4.00. In 2019, the relative price of a comic book is Between 2014 and 2019, the nominal value of Cho's wage affects and the real value of her wage does not affect Monetary neutrality is the proposition that a change in the money supply variables. nominal variables and real Grade It Now Save & Continue Continue without saving