The purchase of a virtual item from an online company with a virtual currency causes the nation's:
a. Monetary base to rise.
b. M2 money multiplier to fall.
c. M2 money multiplier to remain the same.
d. M2 money supply to fall.
.C
You might also like to view...
If real GDP equals aggregate planned expenditure, then inventories
A) fall below their target levels. B) rise above their target levels. C) equal their target levels. D) are either above or below their target levels depending on whether planned inventories are above or below their target levels. E) None of the above answers is necessarily correct because there is no relationship between inventories and aggregate planned expenditure.
In the late 1970s, people feared that the introduction of computers into the workplace would create enormous unemployment because secretaries and data entry clerks would be unemployed. This was a baseless fear, at least for the long run, because
a. computers and employment are unrelated b. the elasticity of work with respect to technology is positive c. technologies that enhance productivity will reduce the supply of labor d. technologies that enhance productivity will reduce the demand for labor e. technologies that enhance productivity will increase the demand for labor