Classify the Following Random Variable According to Whether It Is

question 23

Multiple Choice

Classify the following random variable according to whether it is discrete or continuous. The temperature in degrees Fahrenheit on July 4th in Juneau, Alaska

• A) continuous
• B) discrete

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Definitions:

Money Supply

The aggregate financial resources within an economy at a given point in time, including cash, coins, and the balances maintained in checking and savings accounts.

Aggregate Demand

The aggregate need for all products and services across an economy at different pricing points, during a defined timeframe.

Nominal Variables

Economic variables measured in monetary terms without adjustment for inflation, reflecting their value in current prices.

Real Variables

Variables measured in physical units.