FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Money is a useful unit of account when: Group of answer choices there is only one good in an economic model. its value relative to

Money is a useful unit of account when: Group of answer choices there is only one good in an economic model. its value relative to other prices is highly flexible and changes rapidly. human beings can calculate exchange rates between good perfectly. its value relative to other prices doesn't change too quickly. hyperinflation is occurring

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations of Macroeconomics

Foundations of Macroeconomics

Authors: Robin Bade, Michael Parkin

6th edition

132831007, 978-0132831000

More Books

Students also viewed these Economics questions

Question

★★★★★
Is there any benefit to a country (in terms of its domestic aggregate surplus) from subsidizing firms that export to another country when the market in that other country is perfectly competitive?

Answered: 1 week ago

Question

★★★★★
Show how to compute Cov(X, Y) from the joint moment generating function of X and Y.

Answered: 1 week ago

Question

★★★★★
1. Miss Johnson would like her students to be motivated to do their work without bribing them with treats or promises of extra recess time. Which one of the following is the type of motivation she...

Answered: 1 week ago

Question

★★★★★
Salari Industries, a small, family- run manufacturer, has adopted an ABC system. The following manufacturing activities, indirect manufacturing costs, and usage of cost drivers have been estimated...

Answered: 1 week ago

Question

★★★★★
Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: Flight Cata Planning Budget Tor the Month Unded...

Answered: 1 week ago

Question

★★★★★
Paragraph Question # 7: Describe a hypothetical organizational structure for a start-up digital marketing firm. Describe changes that might be necessary as the business grows

Answered: 1 week ago

Question

★★★★★
Current Attempt in Progress On January 1, 2022. Sandhill Corporation acquired machinery for $1680000. Sandhill adopted the straight-line method of depreciation for this machine and had been recording...

Answered: 1 week ago

Question

★★★★★
In the popular media, some authors have written that behavior modification is ineffective because it just teaches people (children and adults) to perform behaviors for rewards or that, because only...

Answered: 1 week ago

Question

★★★★★
Donna owns a macaron store and makes all her macarons in-house. Business is particularly heavy during the "wedding season" of June and July. Donna signed a contract with Sweet-Ums Inc. to buy 2,000...

Answered: 1 week ago

Question

★★★★★
Matthews Produce harvests and sells Florida oranges. Matthews has hired you to determine its return on investment (ROI) based on both net book value (NBV) and gross book value (GBV). Financial data...

Answered: 1 week ago

Question

★★★★★
Crane Company offers a five-year warranty on its products. Crane previously estimated warranty costs to be 3% of sales but in 2025 revised this estimate to 1% due to process and quality control...

Answered: 1 week ago

Question

★★★★★
Saved The following information is taken from the financial statements of Enron Center of Accounting Ethics for the current year: Current Assets Total Assets Cost of Goods Sold Gross Profit Net...

Answered: 1 week ago

Question

★★★★★
3. (Constructing a metaphor about something can be done by comparing it to something else by using the word is. For instance, Communication is a bridge between people.

Answered: 1 week ago

Question

★★★★★
1. The first party (the sender) may dispute the validity of the interpretation, or 2. He/she can accept the interpretation.

Answered: 1 week ago

Question

★★★★★
2. In this chapter, the reader should reflect on the following concepts: Message, communication error, data, code, information, metaphor.

Answered: 1 week ago

Previous Question Next Question