When Starbucks accepts your $10 bill for two Grande Lattes and one Tall Caramel Macchiato, the $10 bill serves as a
A) medium of exchange.
B) store of value.
C) standard of value.
D) commodity money.
A
Economics
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Suppose there is a rise in the real wage rate. As a result, the quantity of labor demanded
A) increases. B) decreases. C) does not change because there is no change in the money wage rate. D) increases only if the price level also decreases.
Economics
The increase in interest rates that shook depository institutions began in the
A) 1950s. B) 1960s. C) 1970s. D) 1980s.
Economics