Which of the following observations is not true?
a. Money is divisible.
b. The value of money never remains the same.
c. Money has an intrinsic value.
d. Money is the most liquid form of asset.
c
Economics
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In the employer-worker relationship, the employer is regarded as the "principal" and the worker is regarded as the "agent."
a. True b. False Indicate whether the statement is true or false
Economics
Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher
Economics