The fact that money can be exchanged for goods reflects money's role as a
A) cause of inflation.
B) medium of exchange.
C) unit of account.
D) store of value.
B
Economics
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Stagflation occurs when
A) inflation rises and GDP falls. B) inflation falls and GDP falls. C) inflation rises and GDP rises. D) inflation falls and GDP rises.
Economics
Which of the following is true when a country is experiencing a trade surplus (NX > 0)?
A) Demand for domestic goods is equal to the domestic demand for goods. B) Demand for domestic goods is greater than the domestic demand for goods. C) Demand for domestic goods is less than the domestic demand for goods. D) A budget surplus exists.
Economics