Which of the following statements is true of a barter system?
a. In a barter system economy, no rates of exchange are defined
b. In a barter system economy, there are as many different rates of exchange as there are pairs of goods to trade.
c. In a barter system economy, rates of exchange are expressed in goods per dollar.
d. In a barter system economy, rates of exchange are expressed in dollars per good.
e. In a barter system economy, rates of exchange are denominated in gold or silver.
b
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The monetary-policy framework called inflation targeting is used explicitly by
a. no major country. b. most major countries except the United States and Japan. c. the United States, but it is not used by other major countries. d. most major countries, including the United States and Japan.
According to the cumulative investment table above, if the real interest rate falls from 20% to 16%, then:
A. $180 billion of additional investments will be undertaken
B. $330 billion of total investments will be undertaken
C. $30 billion of additional investments will be undertaken
D. $440 billion of total investments will be undertaken