Refer to the information provided in Figure 24.1 below to answer the question(s) that follow. Figure 24.1Refer to Figure 24.1. At equilibrium, the part of consumption that is dependent on income equals $________ billion.

An expansionary gap in the short-run results in: a. lower resource prices in the long run. b. unemployment in the long run

c. a recessionary gap in the long run. d. cost-push inflation in the long run. e. demand-pull inflation in the long run.

Which of the following is true about the Bitcoin:

a. Bitcoin transactions are anonymous, irreversible, and practically impossible to trace. b. Bitcoin transactions are cleared through clearing houses, such as Mt. Gox. c. Bitcoin has a fixed exchange rate relative to the U.S. dollar and other currencies. d. A Bitcoin can be purchased and sold via foreign exchange dealers, just like the dollar or euro. e. Bitcoin transactions are highly visible and, therefore, taxable events.