In a barter economy the number of prices in an economy with N goods is
A) [N(N - 1 )]/2.
B) N(N/2 ).
C) 2N.
D) N(N/2 ) - 1.
A
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The size of the simple spending multiplier is determined by the proportion of each new dollar that households decide to spend and how much they decide to save
a. True b. False Indicate whether the statement is true or false
Suppose the U.S. inflation rate falls while the inflation rate among the members of the European Monetary Union (EMU) holds constant. Other things equal, what will happen in the balance of payments accounts?
What will be an ideal response?
When you deposit $50 in currency at Old National Bank
A) its assets increase by less than $50 because of reserve requirements. B) its reserves increase by less than $50 because of reserve requirements. C) its liabilities increase by $50. D) its liabilities decrease by $50.
Perfect competition is characterized by numerous products with well-known brand names.
Answer the following statement true (T) or false (F)