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vladimir2022 [97]
3 years ago
15

The classical dichotomy and the neutrality of moneyThe 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.Suppose that the Fed sharply increases the money supply between 2011 and 2016. In 2016, Maria's wage has risen to $54.00 per hour. The price of a paperback novel is $18.00 and the price of a beignet is $6.00.In 2016, the relative price of a paperback novel is _(6$,18$,3 Beignets, .33 Beignets)________Between 2011 and 2016, the nominal value of Maria's wage (increases/decreases/remains the same) and the real value of her wage (increases/decreases/reamins the same)Monetary neutrality is the proposition that a change in the money supply (Does not affect, affects) nominal variables and (Does not affect, Affects) real variables.

Business
1 answer:
DerKrebs [107]3 years ago
3 0

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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Match each economic scenario with the correct economic term.
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Answer:

The answer is:

1 - Underutilization

2 - Efficiency

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Explanation:

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Answer is given below

Explanation:

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The Madden Company uses a process costing system. During September the mixing department transferred out 65,000 units. The Septe
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Answer:

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Cost per equivalent unit for material = $ 5.50

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Total balance in the work-in-process inventory account on September 30th was = Material + Labor + OH=  $ 121000 + $ 110825= $ 231825

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