The "double coincidence of wants" is
A) what is needed to use money.
B) eliminated with the use of money.
C) money's role as a unit of account.
D) how value is stored when we transact with money.
E) eliminated when we barter instead of using money.
B
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Refer to Figure 15-5. In the figure above, the movement from point A to point B in the money market would be caused by
A) a decrease in real GDP. B) an open market sale of Treasury securities by the Federal Reserve. C) an increase in the required reserve ratio by the Federal Reserve. D) an increase in the price level.
Which of the following is not a type of trade restriction?
a. low-interest loans to foreign buyers b. export subsidies for domestic firms c. domestic content requirements d. restrictive health and safety standards e. economies of scale