One of the three functions of money is to serve as a:
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financial asset.
The view that the government budget should always be balanced except in wartime
refers to:
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sound finance.
Keynes believed the economy was:
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fluctuating around potential income.
If a contractionary monetary policy reduces nominal income in the short run but not
real income, it must be true that prices:
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are perfectly flexible.
In order to function as a medium of exchange, money must:
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be generally accepted in exchange for goods and services.
Potential income is that level of income that:
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an economy is capable of producing without generating higher inflation.
Unemployment compensation is:
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financial asset.
The view that the government budget should always be balanced except in wartime
refers to:
Give this one a try later!
sound finance.
Keynes believed the economy was:
, Give this one a try later!
fluctuating around potential income.
If a contractionary monetary policy reduces nominal income in the short run but not
real income, it must be true that prices:
Give this one a try later!
are perfectly flexible.
In order to function as a medium of exchange, money must:
Give this one a try later!
be generally accepted in exchange for goods and services.
Potential income is that level of income that:
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an economy is capable of producing without generating higher inflation.
Unemployment compensation is:
Give this one a try later!
