Refer to the Figure

question 11

Multiple Choice

Refer to the figure.
The figure shows the relationship between the outside temperature and the temperature of three animals. Based on the figure, the body temperature of animal B is approximately _______°C when the outside temperature is 20°C and approximately _______°C when the outside temperature is 35°C.

• A) 22; 32
• B) 18; 34
• C) 22; 36
• D) 40; 41

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Definitions:

Dollar Prices

The price of a good or service expressed in units of the U.S. dollar.

Relative Prices

The price of one good or service compared to another, typically influencing consumer choice and resource allocation.

Nominal Variables

Variables measured in monetary terms and not adjusted for inflation, representing prices or values at the time of transaction.

Monetary Neutrality

The economic theory that changes in the money supply only affect nominal variables and have no long-term effects on real variables like output.