Which of the following is not one of the functions of money?
a. unit of account
b. means of deferred payment
c. encouraging people to barter
d. medium of exchange
c
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A market system tends to create inequality.
Answer the following statement true (T) or false (F)
If interest rates, prices, and output are all rising, then according to the Keynesian model, these changes must be caused by
a. an increase in aggregate supply. b. a shift to the right of the LM curve. c. a shift to the right of the LM curve. d. a shift up in the IS curve. e. none of the above.
The U.K Bribery Act is ________ harsh than the U.S. Foreign Corrupt Practice Act (FCPA) as all facilitating payments ________ illegal.
A) more; are not B) more; are C) less; are D) less; are not
List four characteristics of monopolistic competition
What will be an ideal response?