Which of the following reasons explain why work was organized into large centrally powered
a. They promoted a more efficient division of labor.
b. They allowed for less supervision of production.
c. They increased transportation costs.
d. They used machines that were smaller than those used in homes.
a
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For barter to occur, there has to be a double coincidence of wants
Indicate whether the statement is true or false
If the reserve ratio is 20 percent, then $100 of new reserves can generate
a. $60 of new money in the economy. b. $250 of new money in the economy. c. $500 of new money in the economy. d. $2,000 of new money in the economy.
If the demand for money increases, what happens in the IS-LM framework?
A) The IS curve shifts right. B) The LM curve shifts right. C) The IS curve shifts left. D) The LM curve shifts left.
An example of a good that can be used for money that has intrinsic value is:
A. fish. B. cigarettes. C. gold. D. All of these have intrinsic value.