The requirement for a double coincidence of wants occurs when
A) there is inflation.
B) there is deflation.
C) a system of barter is used.
D) the medium of exchange is liquid.
C
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In the long run, the exchange rate between two currencies is
A) fixed. B) influenced by purchasing power parity. C) undefined. D) constant. E) determined so that the current account balance equals zero.
Explain why resources are used efficiently in a competitive market
What will be an ideal response?
Since 1930, U.S. government spending as a percent of GDP has
a. increased b. decreased c. stayed the same d. showed no particular trend e. increased by the same percent each year
The fiscal stimulus bills of 2001, 2008, and 2009 were unusual examples of rapid implementation of fiscal policy
a. True b. False Indicate whether the statement is true or false