a) Which of the following is not true? In a monetary economy, economic goods and services have both a relative price and nominal price In a barter economy, nominal price inflation is possible Aggregate supply and Aggregate demand curves determine the price level If the nominal interest rate is below the real rate of interest, deflation of nominal prices is expected in the future It is logically possible for the nominal price of every economic good and service to increase     b) Which of the following not true with respect to money? Money evolved from barter exchange Money solves the “double co-incidence” of wants problem Many economic goods have served as money including livestock, tobacco, and furs or skins Paper money originated in Europe in 1641 because of legal tender laws The first coins were minted in the Kingdom of Lydia 650 BC

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