Which of the following is one of the most important benefits of money in an economy?
a. Money allows for the exchange of goods and services.
b. Money allows for the accumulation of wealth.
c. Money makes exchange easier, leading to more specialization and higher productivity.
d. Money encourages people to produce all of their own goods (self-sufficiency) and therefore increases economic stability.
c. Money makes exchange easier, leading to more specialization and higher productivity.
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During the year, suppose a country's total purchases of newly produced capital goods is $2,000 billion, issues $1,600 billion of stock certificates, and has $500 billion in depreciation. Gross investment in this country equals
A) $2,500 billion. B) $2,000 billion. C) $2,100 billion. D) $4,100 billion. E) $3,600 billion.
How does the aggregate demand curve differ from a demand curve for, say, bananas?
What will be an ideal response?