Which of the following is a function that money serves?
A) medium of exchange
B) unit of account
C) store of value
D) All of the above are correct.
Answer: D
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If the international price of oranges is less than the domestic price of oranges in Spain, then Spain will export oranges to other countries
a. True b. False Indicate whether the statement is true or false
Explain the role that consumers play in perpetuating discrimination in labor markets
Which of the following often allows a landlord to raise the rent for a rent-controlled apartment?
a. improvements made to the apartment b. crime increase in the apartment’s neighborhood c. the landlord going into debt d. an occupant moving out
An increase in real GDP can shift
A) money demand to the right and decrease the equilibrium interest rate. B) money demand to the right and increase the equilibrium interest rate. C) money demand to the left and decrease the equilibrium interest rate. D) money demand to the left and increase the equilibrium interest rate.