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Author Question: When we use money to purchase goods and services, we are using money as a A) reserve of wealth. ... (Read 98 times)

theo

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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?


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sarahccccc

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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.


theo

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

carlsona147

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Reply 3 on: Yesterday
Wow, this really help

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