Introduction to Economics 2 Deneme Sınavı Sorusu #349901
I. A change in real income and/or prices does not mean a change in nominal income
II. There is a possibility of barter in a modern economy, so economic units sometimes may not need money to perform their daily operations.
III. The reason you hold money in your wallet to buy something is that acquisition periods of income are generally not matching with spending periods.
Which of the statement(s) given above is /are true?
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I and II
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Only III
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II and III
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I and III |
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Only II |
The correct version of the statements above are as follows:
A change in real income and/or prices means
a change in nominal income.
There is no possibility of barter in a modern economy, so economic units need money to perform their daily operations.
The reason you hold money in your wallet to buy something is that acquisition periods of income are generally not matching with spending periods.
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