Multiple Choice
Money is differentiated from other assets due to
A) its value as a medium of exchange.
B) its value of facilitating government spending.
C) its value as a unit of account.
D) its invulnerability to inflation.
E) its value as smoothing out business cycles.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: What is produced and consumed in the
Q3: The two key business cycle events in
Q4: Business cycles in macroeconomics are<br>A) the increase
Q5: One important influence on the current account
Q6: In the long run,inflation is caused by<br>A)
Q7: Long-run inflation tends to<br>A) reduce employment, output,
Q8: In free-market economies<br>A) tend to produce socially
Q9: For the study of economic growth,it is
Q10: Two plausible hypothesis to explain the productivity
Q11: Growth in productivity slowed from the<br>A) early