Which statement is true?
A. Money may perform as a standard of value or as a store of value, but not both at the same time.
B. The main job of money is a medium of exchange.
C. Money may perform as a standard of value or as a standard of deferred payment, but not both at the same time.
D. Money performs extremely well as a standard of deferred payment in the long run.
B. The main job of money is a medium of exchange.
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Gross domestic product is the total dollar value at current prices of all final and intermediate goods produced by a nation during a given time period
a. True b. False Indicate whether the statement is true or false
An increase in the price of a good will a. increase supply
b. decrease supply. c. increase quantity supplied. d. decrease quantity supplied.