Author Question: One point virtually all economists agree on when defining money is that: a. money must be ... (Read 53 times)

Beheh · **on:** Jun 30, 2018

One point virtually all economists agree on when defining money is that:
a. money must be spendable.
b. money must be liquid.
c. money must be accepted as payment.
d. all of the above are correct.

Question 2

According to the equation of exchange, a contractionary monetary policy must be adopted to offset any decrease in the velocity of money.
a. True
b. False
Indicate whether the statement is true or false