Money serves as all of the following EXCEPT
A) a medium of exchange.
B) a unit of account.
C) a store of value.
D) a symbol that is made of or can be redeemed for a fixed amount of precious metal.
E) a highly liquid asset.
D
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Determining the price of compact discs is a concern of:
a. macroeconomics. b. microeconomics. c. both macroeconomics and microeconomics. d. neither macroeconomics nor microeconomics.
In the long run, all costs are variable
Indicate whether the statement is true or false
The more firms in an industry and the more equal their size, the larger the HHI
Indicate whether the statement is true or false
When a $100 bill is printed by the Fed, the Fed has a financial liability because the:
A. Fed issued the bill. B. bill will not be counted as part of M1. C. Fed is part of the government. D. Fed has the printing machine.