All of the following are considered money in the United States EXCEPT:
A. credit cards.
B. checking account balances.
C. currency.
D. travelers' checks.
Answer: A
Economics
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As the price level ________, the purchasing power of money ________
A) decreases; stays the same B) increases; decreases C) decreases; decreases D) increases; increases
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In the classical model, markets clear
a. in the short run b. every month c. immediately d. in the long run e. as soon as any shock occurs
Economics