One of moneys primary roles in the economy comes from the use of money to transfer purchasing power to the future. This role of money is called
A) store of value.
B) unit of account.
C) medium of exchange.
D) standard of deferred payment.
A
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In an economy with higher and more variable inflation, the new classical model would predict that the short run aggregate supply curve would
a. be horizontal. b. be more horizontal. c. be steeper. d. shift more rapidly.
If gas prices suddenly change from $2 a gallon to $4 a gallon, larger, more remote stores with lower prices are ________ to have a(n) ________ in the number of customers.
A) likely; decrease B) not likely; decrease C) likely; increase D) not likely; cha
Financial systems in market economies improve the allocation of saving in each of the following ways EXCEPT by:
A. evaluating the potential productivity of alternative capital investments. B. helping savers to share the risk of individual investment projects. C. allowing potential favoritism to determine which projects are funded. D. providing information about which potential use of funds will be most productive.
Refer to Exhibit 2-6. Which graph depicts the result of an increase in the unemployment rate?
 ANSWER 7.png)