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Author Question: What is money? What will be an ideal response?[br][br][b][color=#A83E49]Question ... (Read 39 times)

asan beg

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on: Jun 30, 2018
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
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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ktidd

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Reply #1 on: Jun 30, 2018
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


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asan beg

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Reply #2 on: Jun 30, 2018
Thank you :)


ktidd

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Reply #3 on: Jun 30, 2018
Happy to help you


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