In an economy that did not use money, but in which barter was exclusively employed for the exchange of goods, inflation
A) could not occur.
B) would be almost entirely the result of speculation.
C) would benefit buyers more than sellers.
D) would redistribute real income rather than money income.
E) would strike hardest at those on fixed incomes.
A
Economics
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Using the information in Table 6.2, the Astro Consumer Price Index for 2016 is
A) 87. B) 104. C) 131. D) 298.
Economics
The above table shows production combinations on a country's production possibilities frontier. Which of the following is an example of a production point that is inefficient?
A) 0 units of good X and 40 units of good Y B) 6 units of good X and 28 units of good Y C) 10 units of good X and 16 units of good Y D) 3 units of good X and 35 units of good Y
Economics