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Why don’t we use barter as the main mechanism of a modern, advanced economy?

Neoclassical economists believe that _________ in the long run will increase potential GDP, which will end up determining  ____________________.

When studying the financial health of a bank or other entity, what do we call it when we add up all of its assets and then subtract all of its liabilities?

Chris and Jenny paid $275,000 for their house in 2000 and sold it for $425,000 in 2007. What function did the house serve during the time they owned it?

If Sam builds a shed for Lilly in exchange for her doing his taxes, then their _________________________ will be satisfied.

Keynsesian economists believe that:

Japan’s central bank has raised its reserve requirement from 11% to 13%. If MUFG Bank (Japan’s largest bank) finds it’s not holding enough to meet the new stricter requirement, then it will likely

Neoclassical economists say that changes in ____________________ don’t do much other than increase output and lower unemployment in the short run.

When we say something is a “medium of exchange,” what do we mean?

You’re being efficient when: