If a virtual currency satisfies all the functions of money, then its classification as part of a nation's "official" money supply should depend on whether it:

a. Is of sufficient size to materially influence spending.
b. Significantly changes a nation's current, official monetary base.
c. Significantly changes a nation's current, official M2 money multiplier.
d. All of the above are true.

.A

Economics

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Which of the following would cause a decrease in the supply of milk?

A) an increase the price of a product that producers sell instead of milk B) an increase in the price of cookies (assuming that milk and cookies are complements) C) an increase in the number of firms that produce milk D) a decrease in the price of milk

Economics

Both price floors and price ceilings lead to

a. shortages. b. surpluses. c. reductions in quality. d. a reduction in the quantity traded.

Economics