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Author Question: In the long run, the effect of a reduction in the money supply is to A) decrease both the price ... (Read 64 times)

anjilletteb

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on: Jun 30, 2018
In the long run, the effect of a reduction in the money supply is to
 
  A) decrease both the price level and real Gross Domestic Product (GDP).
  B) decrease real Gross Domestic Product (GDP) only.
  C) decrease the price level and increase real Gross Domestic Product (GDP).
  D) decrease the price level only.

Question 2

Which of the following statements is true of money?
 
  A) Paper money was invented around 1,000 A.D. in China.
  B) Paper money was the first form of money to be invented.
  C) One of the limitations of paper money is that it does not function as a store of value.
  D) Fiat money was used in the barter system of exchange.
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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tkempin

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Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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anjilletteb

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

kjohnson

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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