Author Question: The advantage of holding money as an asset is that A) money earns interest. B) money is liquid. ... (Read 173 times)

bcretired · **on:** Jun 30, 2018

The advantage of holding money as an asset is that

A) money earns interest. B) money is liquid.
C) the value of money appreciates over time. D) money is safe from thievery.

Question 2

In an economic downturn, sticky wages and prices reduce the economy's speed of adjustment because

A) hyperinflation will likely occur.
B) businesses are unable to adjust quickly to changes in aggregate demand.
C) they cause deflation.
D) union workers would likely quit and look for work elsewhere.