In the United States today, money consists of
What will be an ideal response?
currency and deposits at banks.
Economics
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According to the classical model, money influences
a. only prices. b. nominal and real variables in both the long and short-run. c. both nominal and real variables but only in the short-run. d. only nominal variables.
Economics
In the above figure, the demand curve for Good A shifts from D1 to D2 in Graph A when the price of Good B changes from P1 to P2 in Graph B. We can conclude that
A) Good A and Good B are substitutes. B) Good A and Good B are complements. C) Good A is a normal good but Good B is an inferior good. D) Good A and Good B are unrelated.
Economics