Among all assets, only money can be a
A) unit of account.
B) store of value.
C) medium of exchange.
D) a way of amassing wealth.
C
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When actual output is less than potential output, there is ________ output gap and the rate of inflation will tend to ________.
A. an expansionary; decrease B. a recessionary; increase C. an expansionary; increase D. a recessionary; decrease
Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. 
Figure 15.4 Refer to Figure 15.4. Assume The Hand Made Shirt Shop has fixed costs of $150 and is a monopolistically competitive firm. If the firm produces the profit-maximizing level of output and sells it at the profit-maximizing price, the firm ________ of $100.
A. has a marginal cost B. suffers a loss C. has an average variable cost D. earns a profit
Which organization primarily makes and guarantees loans to developing nations for basic development projects such as the construction of dams, roads, and schools?
A. The World Bank B. The New Economic Order C. The Federal Reserve System D. The Committee on Economic Development
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower