If you put a $20 bill in the pocket of your winter coat at the beginning of spring so that you will be surprised when you find it again next winter, you are using money as
A. a unit of account.
B. a store of value.
C. a medium of exchange.
D. bank reserves.
Answer: B
Economics
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When the economy is operating at the equilibrium level of GDP, we know that
A) total planned real consumption expenditures equal real GDP. B) planned real investment spending equals real net exports of zero. C) total planned real expenditures equal real GDP. D) real net exports equal inventory changes.
Economics
Although large-scale manufacturing was not characteristic of colonial economic activity, ___________ was an important exception
a. steel production b. shipbuilding c. cotton textile production d. fish canning
Economics