During periods of inflation, which function of money is most severely affected?
A) medium of exchange
B) unit of account
C) means of payment
D) store of value
D
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The above table shows the short-run total product schedule for the campus book store. What is the marginal product (MP) of going from 5 to 6 employees at the book store?
A) 83 books sold B) 13.83 books sold C) 10 books sold D) between 11 and 14 books sold
Expansionary monetary policy refers to the Fed's increasing the money supply and increasing interest rates to increase real GDP
Indicate whether the statement is true or false
Which of the following can expand the production possibilities frontier?
a. Improved patent laws b. Legal reforms that increase transaction costs c. Reductions in the length of patent protection d. Stringent tax laws for R&D companies e. The advent of a labor deepening technology
Changes in autonomous consumption could be the result of:
A. changes in inflation. B. changes in housing prices. C. changes in the mpc. D. changes in disposable income.