HW1Q13

In Brazil, a country that was undergoing a rapid inflation before 1994, many transactions were conducted in dollars rather than in reals, the domestic currency. During this period, the U.S.. dollar served what property or properties in Brazil?

HW1Q12

In ancient Greece, what property made gold a more likely candidate for use as money than wine?

HW1Q11

People in the United States in the nineteenth century were willing to be paid by check rather than with gold, even though they knew that there was a possibility that the check might bounce Which of the following would represent an advantage of gold over checks as a form of money?

HW1Q10

Money may serve as an instrument that allows for comparison of the relative worth of various goods and services. What function of money does this describe?

 

HW1Q1

Suppose that in a given country from one year to the next, the general price level rises while the of goods produced also rises. can We determine about the values of nominal and real GDP?