Dollar bills, rare paintings, and emerald necklaces are all

a. media of exchange.
b. units of account.
c. stores of value.
d. All of the above are correct.

c

Economics

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A game in which players want to coordinate on an outcome and in which both agree that coordinating on one particular outcome is preferred to coordinating on the other is called

A) an assurance game. B) a pure coordination game. C) a battle of the sexes game. D) a chicken game.

Economics

When there is excess aggregate demand, the appropriate fiscal policy would be for the government to

A. Increase the public debt. B. Make budget deficits larger. C. Make budget surpluses larger. D. Make budget surpluses smaller.

Economics