What characteristic defines something as money?
A) assets declared by the government to be of value
B) a medium of exchange widely accepted in an economy
C) notes you can deposit in a savings account
D) an asset that earns interest
B
Economics
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Draw an aggregate supply and aggregate demand graph which shows the economy producing an output which exceeds potential output in the short run, and the adjustment that will occur as the economy adjusts to long-run equilibrium
What will be an ideal response?
Economics
To draw your budget line between steak and lobster, all you need to know is your income
Indicate whether the statement is true or false
Economics