Which of the following represents a function of money?
A. medium of exchange
B. standard of deferred payment
C. unit of accounting
D. all of these
Answer: D
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If the money wage rate and the price level both rise by the same proportion, then in the figure above the potential GDP line ________, and the aggregate supply curve ________
A) shifts rightward; does not shift B) does not shift; shifts rightward C) shifts rightward; shifts rightward D) shifts rightward; shifts leftward E) does not shift; shifts leftward
Refer to the scenario above. What is the present value of Option C?
A) $2,763.64 B) $3,662.44 C) $4,516.80 D) $5,800.79
Which of the following is not among the United States’ economic goals?
a. full employment b. stable prices c. healthy economic growth d. equal distribution of income
Refer to the information provided in Figure 13.1 below to answer the question that follows.
 Figure 13.1Refer to Figure 13.1. The demand curve facing an individual producer of wheat is most likely represented by
A. Panel A. B. Panel B. C. Panel C. D. Panel D.