Nominal variables are measured in physical units

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Reference no: EM13817132

True and False

1- Quantity of money demanded is positively related to the value of money and negitively related to the price

2- Used goods are not included in the Calculation of GDP

3- Nominal variables are measured in physical units.

4- consumption the spending on capital equipment , inventories , and structures ,including new housing

5- inflation drives up prices and drives down the value of money.

Reference no: EM13817132

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