Author Question: Money serves as a A) medium of exchange, unit of account, and store of value. B) means to ... (Read 51 times)

cartlidgeashley · **on:** Jun 30, 2018

Money serves as a

A) medium of exchange, unit of account, and store of value.
B) means to conduct barter transactions.
C) means of payment, legal obligation, and public tax.
D) means of worker exploitation and capitalist enrichment.
E) means of settling debts, transaction lubricant, and private commodity.

Question 2

According to traditional Keynesians, monetary policy as a tool to fight a recession

A) is very effective because interest rates will fall immediately.
B) has an uncertain effect on the economy, depending on the direction of fiscal policy.
C) is ineffective because interest rates will not fall.
D) cannot be determined because traditional Keynesians do not consider monetary policy at all.