This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Money serves the following function(s): (a) Medium of exchange (b) Store of value (c) Unit of ... (Read 142 times)

tth

  • Hero Member
  • *****
  • Posts: 579
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

IAPPLET

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

(d)

Answer to Question 2

D


tth

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
:D TYSM

shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

The Mandarin Duck (Aix galericulata), or just Mandarin, is a medium-sized perching duck, closely rel The Mandarin Duck (Aix galericulata), or just Mandarin, is a medium-sized perching duck, closely rel
How to plot a cosine function containing an amplitude and phase-shift (Question 2 of 2) How to plot a cosine function containing an amplitude and phase-shift (Question 2 of 2)
How to sketch a cubic function using transformations How to sketch a cubic function using transformations
Regeneration of EF-Tu–GTP by Tu–Ts exchange Regeneration of EF-Tu–GTP by Tu–Ts exchange
List transformations and Create a table of values for the following log function: List transformations and Create a table of values for the following log function:
Find the value exponential and log function Find the value exponential and log function
Video: Exocytosis - secretion

For a complete list of videos, visit our video library