A feature of Bitcoin, a new type of electronic money, that make it attractive as a medium of exchange is
A) anonymous transactions.
B) volatility of value.
C) heavy regulations by the central bank.
D) wide acceptance by businesses.
A
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In the long run, the effect of a reduction in the money supply is to
A) decrease both the price level and real Gross Domestic Product (GDP). B) decrease real Gross Domestic Product (GDP) only. C) decrease the price level and increase real Gross Domestic Product (GDP). D) decrease the price level only.
Refer to Table 1-1. Using marginal analysis, by how many hours should Lydia extend her nail salon's hours of operations?
A) 2 hours B) 3 hours C) 4 hours D) 5 hours E) 6 hours
The capital account is the sum of the merchandise, services, and unilateral transfers accounts
a. True b. False Indicate whether the statement is true or false
There has been a decrease in investment. As a result, real GDP will ________ in the short run, and ________ in the long run
A) increase; increase further B) increase; decrease to its initial value C) decrease; decrease further D) decrease; increase to its initial level