read carefully and answer the question.

7 . The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Hailey divides all of her income between spending on digital movie rentals and macchiatos. In 2015, she earned an hourly wage of $28.00, the price of a digital movie rental was $7.00, and the price of a macchiato was $4.00. Which of the following give the real value of a variable? Check all that apply. The price of a digital movie rental is $7.00 in 2015. O The price of a digital movie rental is 1.75 macchiatos in 2015. O Hailey's wage is $28.00 per hour in 2015. Which of the following give the nominal value of a variable? Check all that apply. O The price of a macchiato is 0.57 digital movie rentals in 2015. O The price of a macchiato is $4.00 in 2015. O Hailey's wage is 4 digital movie rentals per hour in 2015. Suppose that the Fed sharply increases the money supply between 2015 and 2020. In 2020, Hailey's wage has risen to $56.00 per hour. The price of a digital movie rental is $14.00 and the price of a macchiato is $8.00. In 2020, the relative price of a digital movie rental is Between 2015 and 2020, the nominal value of Hailey's wage , and the real value of her wage Monetary neutrality is the proposition that a change in the money supply 7 nominal variables and real variables