By how much does the monetary base change when the government decides to increase government spending by 5 (assume flexible exchange rates)?
a. There is not enough information given to tell.
b. The monetary base does not change at all.
c. The monetary base falls by 5
d. The monetary base rises by 5
Question 2
Bitcoin:
a. Is a physical currency that can be converted freely into a wide variety of virtual and (other) real currencies?
b. Virtual currency that keeps track of Bitcoin owners and users by means of a clearing house called Mt. Gox.
c. Is a virtual currency that publishes online the details on all its customers' addresses but manages to keep customers' identities secret by not publishing any facts related to their transactions?
d. Is a virtual, peer-to-peer currency.
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