Rising prices erode the value of money as a ________ and as a ________
A) unit of barter; unit of account
B) store of value; unit of liquidity
C) medium of exchange; store of value
D) store of value; unit of barter
Answer: C
Economics
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On an average, growth in per capita income is associated with a:
A) fall in inequality. B) fall in poverty. C) rise in poverty. D) rise in inequality.
Economics
A table that shows the relationship between the price of a good and the quantity demanded of that good is called a
a. price-quantity schedule. b. buyer schedule. c. demand schedule. d. demand curve.
Economics