The ratio of the increase in equilibrium real GDP to the increase in autonomous expenditure is called the

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 monopoly firm engaged in international trade will

A) equate marginal costs with marginal revenues in both domestic and foreign markets. B) equate average to local costs. C) equate marginal costs with foreign marginal revenues. D) equate marginal costs with the highest price the market will bear. E) equate marginal costs with the relative world prices.