Author Question: What is money? What will be an ideal response?[br][br][b][color=#A83E49]Question ... (Read 83 times)

asan beg

  • Hero Member
  • *****
  • Posts: 570
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

  • Sr. Member
  • ****
  • Posts: 319
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

ktidd

  • Sr. Member
  • ****
  • Posts: 319

 

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

For a complete list of videos, visit our video library