The earliest type of exchange involved _____
a. coins
b. barter
c. commodity money
d. fiduciary money
e. fiat money
b
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The lower the price of a foreign currency, the more expensive that foreign country's goods and services are to individuals in the domestic economy
a. True b. False
Health and safety regulations in the labor market:
A. should be evaluated by comparing their costs to their benefits. B. are always efficient because they improve working conditions. C. can lead to an increase in frictional unemployment. D. are necessarily inefficient if they impose additional costs on employers.
Suppose the MPC is .6 and consumption increases by $8 billion. Consequently, total income through the multiplier effect will:
a. $20 billion b. $8 billion c. $15 billion d. $13.3 billion
A decrease in the reserve requirement ________ bank reserves and ________ the money supply
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases