Place the Digits 1, 2, 3, 4 , and 9

question 26

Multiple Choice

Place the digits 1, 2, 3, 4 , and 9 in the boxes below to obtain the least product. ​ ​

• A) 4,386
• B) 3,237
• C) 4,836
• D) 3,328
• E) 3,886

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Definitions:

Classical Dichotomy

A concept in economics that separates real variables, which are quantities or measures not adjusted for inflation, from nominal variables, which are adjusted for inflation.

Real GDP

A measure of the value of all goods and services produced within a country over a specific time period, adjusted for inflation.

Nominal Wage

The wage paid to employees in current dollars, without adjustment for inflation, reflecting the actual amount of money received.

Fisher Effect

Refers to the economic theory that real interest rates are independent of monetary measures, with any increase in expected inflation being matched by an equal increase in nominal interest rates over the long term.