The idea behind money as a standard of value is that use of money allows:
a. greater efficiency in exchange
b. receipt of income to be separated from spending.
c. persons to hold spending power for some period of time.
d. prices quoted in money terms.
d
Economics
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In the above figure, if the price is $4 per unit, how many units will a profit maximizing perfectly competitive firm produce?
A) 0 B) 5 C) 20 D) 30
Economics
An increase in the price level causes the aggregate supply curve to shift to another supply schedule.
Answer the following statement true (T) or false (F)
Economics