Author Question: What is money? What will be an ideal response?[br][br][b][color=#A83E49]Question ... (Read 41 times)

asan beg

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What is money?
 
  What will be an ideal response?

Question 2

Assuming all else equal, if the Fed is expected to adopt a contractionary monetary policy, ________.
 
  A) labor demand will increase B) inflation expectations will increase
  C) the long-run real interest rate will increase D) labor supply will increase


ktidd

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Answer to Question 1

Money is any medium that is universally accepted in an economy by sellers of goods and services as payments for the goods and services and by creditors as payment for debts.

Answer to Question 2

C



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ktidd

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