If Joe buys a coffee at Starbucks, his money serves as a
A) unit of accounting.
B) standard of deferred payment.
C) store of value.
D) medium of exchange.
D
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The lower the amount of unemployment benefits citizens receive, the
A) higher the wage people must be offered before they accept a job. B) the longer people search for jobs. C) higher the opportunity cost of job search. D) the higher the natural unemployment rate. E) lower the opportunity cost of job search.
In the above figure, for a single-price monopoly the consumer surplus is equal to the area
A) abP1. B) acP2. C) bce. D) bed. E) cQ20P2.
Explain the theory of investment in human capital and the specific role that education plays in the theory
Changes in consumption and investment spending due to changes in the real interest rate alter:
A. induced expenditures. B. the money supply. C. autonomous expenditures. D. money demand.