Commitments to make or receive payments in the future are made easier by money's function as a _____
a. unit of account
b. store of value
c. medium of exchange
d. form of barter
e. commodity
b
Economics
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According to Robert Higgs,
a. World War II was a period of unique prosperity. b. prosperity came only after World War II ended. c. measures of GDP during World War II are accurate. d. civilian consumption of most items actually rose during World War II.
Economics
A country has national saving of $80 billion, government expenditures of $40 billion, domestic investment of $50 billion, and net capital outflow of $30 billion. What is its supply of loanable funds?
a. $30 billion b. $40 billion c. $50 billion d. $80 billion
Economics