Within the framework of the aggregate expenditures model, which of the following is true?
a. When spending on goods and services exceeds the level business decision makers anticipated, inventories will rise.
b. Equilibrium will always occur at the full-employment level of output.
c. A nation's imports will decline as the nation's disposable income increases.
d. When spending on goods and services exceeds the level of aggregate output, inventories will fall.
Question 2
What is the store of value function of money?
a. A common measurement of the relative value of different goods and services.
b. The ability of money to hold value over time.
c. The quality of money not to be hoarded because of its commodity value.
d. The function of money to be widely accepted I exchange for goods and services.
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