Economic variables whose values are measured in monetary units are called
A)dichotomous variables.
B)nominal variables.
C)classical variables.
D)real variables.

Name: Economic variables whose values are measured in monetary units are called A)dichotomous variables. B)nominal variables. C)classical variables. D)real variables.
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Question

Quizplus · Accepted Answer

Nominal variables are economic variables measured in monetary units, reflecting current prices without adjusting for inflation.

Economic Variables Whose Values Are Measured in Monetary Units Are