Crowding out is when government borrowing and spending result in __________ interest rates, which reduces business investment and household consumption.

When an asset is used as a universal yardstick that is used for expressing the worth of different goods and services, it is serving the function of a ________

A) unit of account B) medium of exchange C) store of value D) loanable fund

Economic growth may overstate changes in the standard of living if

A) people are retiring at a younger age. B) the average workweek is increasing. C) the number of students attending college is increasing. D) expected life spans are increasing.