The Venn Diagram Shows Real Variables Versus Nominal Variables, Where

question 22

Multiple Choice

The Venn diagram shows real variables versus nominal variables, where both nominal and real variables play roles in the business cycle. All the following are examples of nominal variables, EXCEPT:

• A) inflation.
• B) deflation
• C) innovation
• D) GDP

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Definitions:

Doubt

A feeling of uncertainty or lack of conviction.

Will

The mental faculty by which an individual decides or chooses between different courses of action.

Existential Import

The implication that a statement has concerning the existence of the subjects it mentions.

Categorical Syllogism

A categorical syllogism is a type of deductive argument consisting of three categorical propositions that involve a set of three terms, leading to a conclusion based on logical relationships.