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Determine the Economic functions of money
There are three functions of economics of money
- A medium of exchange.
- A unit of account
- Store of value.
What is money and what is not money If you are trying to conclude if something is money, simply consider whether it would be accepted in most stores as payment. You then realiz
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What is banking?
A sudden decrease in the growth rate of GDP will cause a change in: A. planned investment spending. B. unplanned investment spending. C. both planned and unplanned investment spend
How does the Ricardo Viner diagram react when once price changes, effects on real wages, and labor allocation?
Does a firm's price equal marginal cost in the short run, in the long run, or both? Explain.
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