Money's function as a medium of exchange means that
A) money is a common denominator for expressing the prices of goods and services.
B) money can be used to store wealth.
C) money serves as an acceptable means of payment.
D) money requires a double coincidence of wants.
C
Economics
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If the MPS = .25, and investment falls from $100 to $75, real GDP will decrease by:
a. $25. b. $75. c. $150. d. $125. e. $100.
Economics
Entrepreneurs are people who:
A. create new economic enterprises. B. run businesses on a day-to-day basis. C. engage exclusively in business travel. D. entertain the workers.
Economics