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Author Question: Money serves the following function(s): (a) Medium of exchange (b) Store of value (c) Unit of ... (Read 116 times)

tth

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on: Jun 30, 2018
Money serves the following function(s):
 
  (a) Medium of exchange
  (b) Store of value
  (c) Unit of account
  (d) All of the above

Question 2

If the propensity to hold money is 6 and the money supply is 12, then the classical aggregate demand curve is
 
  a. P = 2Y
  b. P/Y = 48
  c. P = 1/(2Y)
  d. P = 2/Y


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IAPPLET

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Reply #1 on: Jun 30, 2018
Answer to Question 1

(d)

Answer to Question 2

D


tth

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Reply 2 on: Jun 30, 2018
Excellent

meganmoser117

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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