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The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Hannah divides all of her
The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Hannah divides all of her income between spending on digital movie rentals and Americanos. 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 Americano was $4.00. Which of the following give the real value of a variable? Check all that apply. Hannah's wage is $28.00 per hour in 2012. The price of a digital movie rental is 1.75 Americanos in 2012. Hannah's wage is 7 Americanos per hour in 2012
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