24. (2.05)) On a given morning, Franco sold 40 pairs of shoes for a total of $80 at his shoe store. The $80 is a real va
Posted: Sun Jul 03, 2022 3:42 pm
24. (2.05)) On a given morning, Franco sold 40 pairs of shoes for a total of $80 at his shoe store. The $80 is a real variable. The quantity of shoes is a nominal variable. The $80 is a nominal variable. The quantity of shoes is a real variable. Both the $80 and the quantity of shoes are nominal variables. D Both the $80 and the quantity of shoes are real variables. 25. (12.09) Other things the same, an increase in velocity means that A B A transactions per dollar increase so the price level rises. B C D transactions per dollar increase so the price level falls. transactions per dollar decrease so the price level rises. transactions per dollar decrease so the price level falls.