Which scenario shows how money functions as a means of deferred payment?
a. Lorelai knows that a peach costs $0.50 and a latte costs $5, so a latte is equal to 10 peaches.
b. Darius puts money into a savings account and uses it to pay for a vacation at the end of the year.
c. Julio gives Patrick $5 and Patrick gives Julio a sandwich in exchange.
d. Every month, Candace sends a check for $300 to the company that services her student loans.
d. Every month, Candace sends a check for $300 to the company that services her student loans.
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An open market purchase, a decrease in the discount rate, and a decrease in the reserve requirement would shift the aggregate demand curve rightward
Indicate whether the statement is true or false
The winner's curse is more likely when the value of a good at auction is uncertain
a. True b. False
Government controls over market prices are often enacted to benefit a specific group.
Answer the following statement true (T) or false (F)
Other things the same, as the price level rises, exchange rates
a. and interest rates rise. b. and interest rates fall. c. fall and interest rates rise. d. rise and interest rates fall.