During periods of rapid inflation, money may cease to work as a medium of exchange:
A. unless it has been designated legal tender.
B. unless it is backed by gold.
C. because it is too scarce for everyone to have enough for transactions.
D. because people and businesses will not want to accept it in transactions.
D. because people and businesses will not want to accept it in transactions.
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In the figure above, point E could be obtained if
A) resources were shifted from education to health care. B) resources were used more efficiently. C) society's resources increased. D) resources were shifted from health care to education.
Many Marxist sociologists assume that large-scale economic structures are the most important factors in people's lives. Given this, what sort of sociology would these sociologists tend to prefer?
A bond buyer is a
a. saver. Long term bonds have less risk than short term bonds. b. saver. Long term bonds have more risk than short term bonds. c. borrower. Long term bonds have less risk than short term bonds. d. borrower. Long term bonds have more risk than short term bonds.
Which of the following events will lead to a decrease in the demand for money?
(a) An increase in the level of aggregate output; (b) A decrease in the supply of money; (c) A decrease in the interest rate; (d) A decrease in the price level.