Author Question: When we use money to purchase goods and services, we are using money as a A) reserve of wealth. ... (Read 110 times)

theo · **on:** Jun 30, 2018

When we use money to purchase goods and services, we are using money as a

A) reserve of wealth.
B) unit of account.
C) medium of exchange.
D) bartering tool.
E) store of value.

Question 2

What is meant by the term the natural rate of unemployment?

What will be an ideal response?

sarahccccc · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

C

Answer to Question 2

The natural rate of unemployment is the level of unemployment at which there is no cyclical unemployment. It consists only of frictional and structural unemployment.