The store of value function of money refers to the ability of money to
A) facilitate the exchange of goods and services.
B) maintain its value over time.
C) express relative scarcity.
D) earn interest over time.
E) increase its value over time.
B
Economics
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A fall in the real interest rate, all other things held constant, will cause a country's ________ to ________
A) current consumption: increase B) current consumption: decrease C) terms of trade; improve D) terms of trade; worsen E) welfare level; improve
Economics
Over the past two decades, the earnings gap between college graduates and those with only a high school education has
a. decreased substantially. b. increased substantially. c. remained the same. d. fluctuated in a random pattern.
Economics