The primary functions of money are:
a. velocity, liquidity, and transactions.
b. speculative demand, measure of value, and precautionary demand.
c. a medium of exchange, a unit of account, and a store of value.
d. a store of value, heterogeneity, and a medium of exchange.
e. currency value, fiat value, and accepted value.
c
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Raising household savings could be beneficial because ________
A) it translates into higher investment B) severe economic downturns can be "better-weathered" C) it provides a cushion to avoid bankruptcies D) all of the above E) none of the above
The country with the lowest child poverty rate of those listed here is
A. Sweden. B. Denmark. C. Britain. D. Australia.
The structural unemployment rate is 1.3 percent, the frictional unemployment rate is 2.1 percent, and the economy's current unemployment rate is 4.9 percent. The economy is in
A) a recessionary gap producing less than Natural Real GDP. B) an inflationary gap producing more than Natural Real GDP. C) long-run equilibrium. D) an inflationary gap producing Natural Real GDP. E) a recessionary gap producing more than Natural Real GDP.
If the Fed conducts open-market purchases, then which of the following quantities increase(s)?
a. interest rates and investment spending b. interest rates, but not investment spending c. investment spending, but not interest rates d. neither interest rates nor investment spending