The Notion That Nominal Variables Are Heavily Influenced by the Quantity

question 32

Multiple Choice

The notion that nominal variables are heavily influenced by the quantity of money, and that money is largely irrelevant to understanding the determinants of real variables, is called:

• A)monetarism
• B)the quantity theory
• C)the Fisher effect
• D)the classical dichotomy

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Definitions:

Quality

The degree to which a set of inherent characteristics fulfills requirements, often used to describe the standard or grade of a product or service.

Time

Time is the indefinite continued progress of existence and events in the past, present, and future regarded as a whole, often measured in terms such as seconds, minutes, and hours.

Mode Mix

Refers to the combination of different types of transportation modes used in delivering goods, optimizing for efficiency and cost.