[Answered] Money serves the following function(s): (a) Medium of exchange (b) Store of value (c) Unit of ...

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tth

Hero Member
Posts: 579

on: Jun 30, 2018

Money serves the following function(s):

(a) Medium of exchange
(b) Store of value
(c) Unit of account
(d) All of the above

Question 2

If the propensity to hold money is 6 and the money supply is 12, then the classical aggregate demand curve is

a. P = 2Y
b. P/Y = 48
c. P = 1/(2Y)
d. P = 2/Y

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Marked as best answer by a Subject Expert

IAPPLET

Sr. Member
Posts: 333

Reply #1 on: Jun 30, 2018

Answer to Question 1

(d)

Answer to Question 2

D

tth

Member
Posts: 579

Reply 2 on: Jun 30, 2018

TYSM

chereeb

Member
Posts: 326

Reply 3 on: Yesterday

YES! Correct, THANKS for helping me on my review

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