The language of economics is
a. needlessly arcane.
b. valuable because it provides a new and useful way of learning about the world.
c. easy to learn within a day.
d. unnecessary to learn for a thorough understanding of economics.
b
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Explain how a country with a current account surplus is a ripe candidate for currency revaluation
What will be an ideal response?
Which of the following assets is the most liquid?
A) money market mutual fund B) computer C) washing machine D) U.S. Treasury bond
If money has intrinsic value, it has value:
A. unrelated to its use as money. B. only as its use as money. C. that sets its value as money. D. based on how often people use it for payment.
If the money supply grows faster than the rate of growth in GDP
A) prices fall. B) interest rates fall. C) prices rise. D) none of these choices.