If something is a unit of account, then it:
a. serves as a yardstick for measuring the relative value of other goods
b. is a means of holding wealth for the future
c. is fairly stable
d. is durable and portable
e. is accepted as payment for any purchase
a
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Assume a money multiplier of 3. If the Treasury finances a $30 million expenditure by selling securities to the Fed, the money supply could ultimately
A) rise by $3 million. B) rise by $10 million. C) rise by $30 million. D) rise by $90 million.
A . Give an economics-based explanation for why class attendance is usually higher on the first day of class and on the days before major exams. b. Describe some policies that your instructor could implement to reduce absences and give an economics-based explanation of why they would have the desired effect
Which of the following factors causes economic growth?
a. a decline in capital goods production b. a loss of resources c. the production of more scarce goods d. a technological improvement e. the production of more consumer goods
A limit on the amount of avacados that can be imported into the United States is an example of
A. the rationing function of prices protecting United States avacado farmers. B. an import quota. C. a price floor set by the government. D. a price ceiling set by government.