The price of X is $20 and the price of Y is $40.
Based on the above graph, if income is $800, how many units of Y will the consumer choose?
A. 6
B. 7
C. 8
D. 9
E. 10
Answer: C
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A. annual inflationary loss of buying power B. money supply is too narrowly defined C. storing money is wasteful D. imperfect as a unit of account
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A. both an asset and a liability to the Federal Reserve System. B. a liability of the Federal Reserve System. C. a liability to the United States Treasury. D. an asset to the Federal Reserve System.
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A) a signal B) a reservation price C) a guarantee D) insurance