The unit of account is defined as
A) an object that is accepted in return for goods and services.
B) the medium of exchange.
C) the exchange of goods and services directly for other goods and services.
D) barter.
E) an agreed upon measure for stating prices of goods and services.
E
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Which of the following statements is CORRECT?
A) The United States produces more goods than services. B) The United States produces more services than goods. C) The United States produces more agricultural goods than manufactured goods. D) The United States produces an equal amount of goods and services.
The American Recovery and Reinvestment Act of 2009 ________
A) was a result of the Obama administration adopting an activist approach to policymaking B) is still being debated after the fact in terms of its effectiveness C) was supported by some economists, and opposed by as many economists D) all of the above E) none of the above