Anything can be money if it acts as a:
a. medium of exchange.
b. All of the answers must be correct.
c. store of value.
d. unit of account.
b
Economics
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Ithout productivity growth, what is the longrun effect of labor migration on the receiving country?
a. There will be an increase in production of the laborintensive good. b. Wages will fall. c. Returns to capital will increase. d. None of these is the longrun effect.
Economics
Suppose nominal GDP in 2009 does not change (compared its previous level in 2008). Given this information, we know with certainty that
A) real GDP increased during 2009. B) the GDP deflator increased during 2009. C) both the GDP deflator and real GDP fell during 2009. D) more information is needed to answer this question.
Economics