The statement that Computech's profits totaled $500 million last year represents the use of money as a:

a. medium of exchange.
b. store of value.
c. unit of account.
d. means of coincidence.

c

Economics

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Deficits are created by governments running a large debt

a. True b. False Indicate whether the statement is true or false

Economics

In the figure above, suppose the price of a pound of pecans is negatively related to the quantity of peanuts that farmers are willing to supply. If the price of pecans increases,

A) the curve will shift rightward. B) the curve will shift leftward. C) there is a movement along the curve. D) the curve will be unaffected. E) None of the above answers is correct because the graph assumes that the price of pecans does not change.

Economics