A macroeconomist threatens to call the Secret Service to have Mr. Biggy Rich arrested for counterfeiting because Mr. Rich claims he "makes a lot of money."
a. Carefully explain why the macroeconomist is making this threat based on the macroeconomic definition of money. Be sure to explain the macroeconomic functions of money.
b. Suggest an alternative phrase that Mr. Rich can use that will not result in a charge of counterfeiting.

Question

Quizplus · Accepted Answer

The Answer of A macroeconomist threatens to call the Secret Service to have Mr. Biggy Rich arrested for counterfeiting because Mr. Rich claims he "makes a lot of money."
a. Carefully explain why the macroeconomist is making this threat based on the macroeconomic definition of money. Be sure to explain the macroeconomic functions of money.
b. Suggest an alternative phrase that Mr. Rich can use that will not result in a charge of counterfeiting.

A Macroeconomist Threatens to Call the Secret Service to Have