Which function of money allows for comparison shopping?
A) medium of exchange
B) unit of accounting
C) store of value
D) standard of deferred payment
B
You might also like to view...
A lagging variable can be recognized by the fact that
A) its persistence is smaller than that of GDP. B) its turning points happen before the turning points of GDP. C) the turning points of GDP happen before its turning points. D) its persistence is larger than that of GDP.
European Vacation After staying around 1.35 US dollars per Euro for years, the exchange rate fell below 1.25 US dollars to a euro during the summer of 2014 . What affect does this have on tourism in Europe?
Which of the following statements BEST describes a limitation of the Big Mac Index?
A) Profit margins vary by the strength of competition, which affects relative prices. B) The theory of PPP incorrectly assumes that there are barriers to trade. C) The Big Mac represents all possible commodities and services. D) Taxes have no effect on Big Mac prices.
Tax cuts would have the same directional effect on the dynamic aggregate demand curve as:
A. decreases in government purchases. B. temporary tax increases. C. the Federal Reserve selling U.S. treasury securities. D. the Federal Reserve buying U.S. treasury securities.