The barter system requires the double coincidence of wants to be fulfilled
Indicate whether the statement is true or false
TRUE
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If we are in a horizontal region of the money demand curve, expansionary monetary policy has __________ effect on output and expansionary fiscal policy has __________ effect on output
A) no; no B) no; a strong C) a strong; no D) a strong; a strong
The largest component of aggregate demand is
A. investment spending. B. consumer spending. C. government spending. D. total imports.
Budget A consists mostly of food, health care and an apartment and Budget B is made up largely of Food, Entertainment, and Travel. If inflation is estimated by the consumer price index which includes all the items listed above and travel and healthcare had the biggest jump in prices, which of the following is true?
A. Budget A will likely have a less accurate estimate than budget B B. There should be no bias in this case because of the simple budget components C. Budget B will likely have a less accurate measurement than budget A D. Inflation will be equally biased for both budgets
Exhibit 5-1 Demand curve
?
In Exhibit 5-1, between points b and c, the price elasticity of demand measures
A. 0.425. B. 1.571. C. 0.143 D. 0.636.