Money is still useful during times of inflation because
A) it still retains the characteristic of predictability of value.
B) its opportunity cost falls as inflation rises.
C) more money can be made so people can still purchase the goods and services they want.
D) it is not a liquid asset.
A
Economics
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The price system always works instantaneously
Indicate whether the statement is true or false
Economics
The sum of all the income categories listed in the National Income and Product Accounts adds up to
A) gross domestic product. B) net national product. C) net domestic product at factor cost. D) disposable income after taxes. E) gross national product.
Economics