The three functions of money are medium of exchange,
a. measure of value, and standard of value.
b. measure of value, and store of value.
c. standard of value, and store of value
d. medium of value, and store of value.
e. measure of value, and deferred value.
b
Economics
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Describe how inflation can be costly even if it is anticipated
What will be an ideal response?
Economics
The firm represented by the diagram would maximize its profit where:
A. curves (2) and (1) intersect.
B. curve (1) touches the horizontal axis for the second time.
C. the vertical distance between curves (3) and (4) is the greatest.
D. curves (3) and (4) intersect.
Economics