Money serves as a good store of value except when an economy experiences a period of _____.

(A) Cyclical downturn
(B) Recession
(C) Depression
(D) Inflation

Answer: (D) Inflation

Economics

You might also like to view...

What are compensating differentials?

What will be an ideal response?

Economics

Which action will tend to decrease aggregate supply according to supply-side economists?

A. A decrease in government spending B. An increase in the stock of capital C. A decrease in the money supply D. An increase in marginal tax rates

Economics