If prices are not stable:
A. money performs better as a unit of account.
B. prices become highly useful for conveying information.
C. money becomes less useful as a store of value.
D. it may be an inconvenience, but resources are still allocated efficiently.
Answer: C
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Suppose U.S. net exports are -$400 billion and the U.S. government sector surplus is $200 billion. Then in the private sector, saving minus investment equals
A) -$600 billion. B) -$200 billion. C) +$600 billion. D) +$200 billion.
A market with three firms in competition with each other has a equilibrium price of $5 and equilibrium quantity of 10,000. If the three firms form a cartel, the cartel, set price will be ________ than $5 and the set quantity will be ________ than 10,000.
A) greater; less B) less; greater C) greater; greater D) less; less
Discuss the benefits of unions
What will be an ideal response?
In a long-run equilibrium in a monopolistically competitive industry that produces information products, revenues are equal to the ________ costs of developing, producing, and selling the product.
A. variable B. fixed C. total D. marginal