In a world where Say's Law always holds true, which function(s) of money still make sense - are not crazy?
A) unit of account and store of value
B) unit of account and medium of exchange
C) medium of exchange and store of value
D) store of value only
E) medium of exchange only
Correct Answer:
Verified
Q11: A barter economy has a problem known
Q12: When real GDP decreases, the
A) quantity demanded
Q13: When average prices rise, the
A) quantity demanded
Q14: Which is a recognized function of money?
A)
Q15: The law of demand for money says
A)
Q17: When average prices fall, the
A) quantity demanded
Q18: Bonds offer a(n)
A) uncertain stream of payments
Q19: The law of demand for money says
A)
Q20: An rise in interest rates causes a(n)
A)
Q21: The opportunity cost of holding money is
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