Money as a medium of exchange
I. facilitates the exchange of goods.
II. reduces or eliminates the need for barter.
A) I only
B) II only
C) both I and II
D) neither I nor II
C
Economics
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The labor demand curve slopes downward because
A) the firm maximizes profits by hiring more labor when the real wage rate rises. B) workers supply more hours of work when the real wage rate rises. C) the firm maximizes profits by hiring more labor when the real wage rate falls. D) workers supply fewer hours of work when the real wage rate rises.
Economics
What is the IS relation? Explain why IS curve is downward sloping
What will be an ideal response?
Economics