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Author Question: As a result of money in an economy, A) transaction costs are higher than would be the case in a ... (Read 22 times)

stephzh

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on: Jun 30, 2018
As a result of money in an economy,
 
  A) transaction costs are higher than would be the case in a barter economy.
  B) people are greedier than in a barter economy.
  C) real Gross Domestic Product (GDP) and economic growth are greater than they would be in a barter economy.
  D) stealing exists and people have to find ways to prevent theft.

Question 2

The wealth effect is another term for the
 
  A) the interest rate effect. B) the real-balance effect.
  C) substitution effect. D) the indirect effect.


millet

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


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