If money is used as a mechanism to hold purchasing power for a period of time it is functioning as a
A) unit of account. B) medium of exchange.
C) store of value. D) standard of value.
C
Economics
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In the table above, the number of unemployed people is
A) 2,000. B) 3,000. C) 1,000. D) 1,100. E) 11,000.
Economics
Consider the market for consumer loans. A legal ceiling set below the market-clearing interest rate would tend to
A) increase the quantity demanded for loans. B) decrease the quantity supplied of loans. C) create a shortage of loans. D) do all of the above. E) do none of the above.
Economics