When the price of a product falls, the purchasing power of our money income rises and thus permits consumers to purchase more of the product. This statement describes:

People hold money primarily because it

a. increases in value when there is inflation. b. serves as a store of value. c. serves as a medium of exchange. d. functions as a unit of account.

Which of the following is an example of a noncash transfer that is typically not included in the income-distribution data?

A. Social Security benefits B. Welfare assistance C. Unemployment compensation D. Medicare