If whole tomatoes were money, which of the following functions of money would be the hardest for tomatoes to satisfy?
A) unit of account
B) store of value
C) certificate of gold
D) medium of exchange
Answer: B
Economics
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A monopolistically competitive firm in long-run equilibrium:
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At higher interest rates, banks will want to hold more reserves
a. True b. False Indicate whether the statement is true or false
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Which of the following is a characteristic of a monopoly?
a. rising average total costs b. one buyer c. rising fixed costs d. a product without close substitutes
Economics
A decrease in the rate of inflation is called _____.
Fill in the blank(s) with the appropriate word(s).
Economics