Which of the following statements is not true? To acquire Bitcoins, an individual can:
a. Trade for them.
b. Buy them.
c. Mine them by solving a Bitcoin-generated computer algorithm.
d. Borrow them at any local Bitcoin bank.
e. All of the statements above are true.
.D
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Full employment corresponds to
A) equilibrium in the labor market, with actual GDP being equal to potential GDP. B) labor demand being greater than labor supply and actual GDP being equal to potential GDP. C) being at the point where the marginal product of labor equals zero. D) equilibrium in the labor market, and actual GDP exceeding potential GDP.
In the long run, what is the only factor that changes if the money supply increases when the economy is at full employment?
a. Employment increases. b. The RGDP increases. c. Aggregate supply increases. d. Price level increases.