Are Bitcoins Money?
a. yes
b. no
Yes
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The impact of the multiplier effect is to:
A. smooth out the up and down swings of the business cycle. B. promote price stability. C. magnify small changes in spending into much larger changes in real GDP. D. reduce the impact of an increase in investment on output and employment.
According to the economic theory of government, policies in a democracy will favor
A) the interests of many small minorities. B) the public interest. C) the real interests of the majority. D) whatever the majority thinks it wants even when this is not in the majority's real long run interest.
A lottery game pays $500 with .001 probability and $0 otherwise. The variance of the payout is
A) 15.8. B) 249.50. C) 249.75. D) 499.
Which of the following is a macroeconomic measurement used to gauge macroeconomic activity?
A) Net domestic product B) National income C) Personal income D) Disposable income E) all of the above