Which scenario best demonstrates how money functions as a unit of account?
a. Haley knows that a gel pen costs $1.50 and a jar candle is $9, so a candle is equal to six pens.
b. Gregory gives Carlito $100 and receives a new pair of jeans in exchange.
c. Miguel makes a payment on his car loan every month.
d. Each quarter, Celeste deposits money into a Roth IRA to save for her retirement.
a. Haley knows that a gel pen costs $1.50 and a jar candle is $9, so a candle is equal to six pens.
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If the MPS equals 0.25 and the MPI is 0.15, then an initial change in investment spending of $250 million will result in a total change in equilibrium real GDP of $625 million
a. True b. False Indicate whether the statement is true or false
All of the following statements about the Nonpoint Source Management Program are correct EXCEPT
a. It was enacted as part of the Water Quality Act of 1987. b. It is to be implemented by states with federal approval. c. The federal government offers no funding for the program. d. States are to implement a 3-part plan comprising reporting, program development, and program implementation.