Refer to Figure 11-4. Suppose the per-worker production function ...

[audie]

Refer to Figure 11-4. Suppose the per-worker production function in the figure above represents the production function for the U.S. economy.
 
  If the United States decided to cut its support of university research in half, this would cause a movement from
  A) B to E. B) B to D. C) B to A. D) B to C.

Question 2

What are the four functions of money? Can something be considered money if it does not fulfill all four functions?
 
  What will be an ideal response?

[Galvarado142]

Answer to Question 1

A

Answer to Question 2

The four functions are medium of exchange, unit of account, store of value, and standard of deferred payment. In the long run, something will not serve as money if it does not fulfill all four functions.

[audie]

Correct answers!

[Galvarado142]

Great! Please up vote