If you save $2,500 for a down payment on a new car, you are using money as
A) a store of value.
B) a unit of account.
C) a medium of exchange.
D) a standard of deferred payment.
A
Economics
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When household debt as a share of income is abnormally high,
a. rapid growth of consumption is likely to lead the recovery. b. the growth prospects of the economy will be excellent because high household debt is the key to a strong economy. c. the growth of consumption is likely to remain sluggish even as the economy begins to recover. d. consumers will be in a strong position to deal with irregular expenses.
Economics
In the aggregate demand/aggregate supply model, a country's full-employment real GDP is represented by:
A. prices. B. aggregate demand. C. aggregate supply. D. an increase in the general level of prices.
Economics