Explain difference between nominal and real variables

Assignment Help Business Economics

Reference no: EM1372301

Q. Explain difference between nominal and real variables and give two examples of each. According to principle of monetary neutrality, which variables are affected by changes in quantity of money?

Q. Most production possibilities curves are convex as viewed from origin. Relative scarcity is no longer a central notion in economics because we are in an age of abundance. Which one of following statements is correct?

Reference no: EM1372301

Questions Cloud

Find the shape of the long run average total cost curve : How can the extent to which presence of economies and diseconomies of scale in an industry help account for size and number of companies in that industry?

What is the period of oscillations : A circular disk with the rectangular hole has a radius of 0.540 m and mass of 0.440 kg. It is suspended by a point on its perimeter. The moment of inertia about this point is I_p = 1.7×10-1 kgm2.

What do you find correct and what incorrect in this claim : Consider following claim: price of gasoline has doubled and corresponding change in demand gravely hurt those who have long commutes to work. As a student of economics what do you find correct and what incorrect in this claim.

Write dimensions of memory containing bytes of storage : Write down the dimensions of a memory containing 1mb(2^20) bytes of storage? How large would the MAR be? how many bits are sent to the row column decoders?

Explain difference between nominal and real variables : Explain difference between nominal and real variables and give two examples of each. According to principle of monetary neutrality, which variables are affected by changes in quantity of money.

Identify opportunity cost of increase divestment : Identify opportunity cost of increase divestment. What will happen to future production possibilities if investment increases.

Calculate manufacturer fixed cost : The accompanying table demonstrate a car manufacturer's total cost of manufacturing cars. Calculate manufacturer fixed cost

How many other messages expected to generate same hash value : A 1,048,576-bit message is used to generate 10-bit hash. One average, how many other messages could be expected to generate same hash value?

Survey and experimental methods : Find out which kinds of research questions would be served by a survey or an experimental method. Analyze the reasons why reliability and validity are important in research. Compare survey strategies of inquiry with experimental strategies of inquiry..

User Account

All Pages