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Author Question: When money is used to express the value of goods and services, it is functioning as a A) medium ... (Read 26 times)

TFauchery

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on: Jun 30, 2018
When money is used to express the value of goods and services, it is functioning as a
 
  A) medium of exchange. B) store of value.
  C) store of purchasing power. D) unit of account.

Question 2

If the cost of hiring workers increases but the marginal benefit remains unchanged, employers are likely to respond by hiring ________ at any given wage.
 
  A) more workers B) immigrant workers
  C) fewer workers D) teenaged workers
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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bpool94

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


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