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Economics > Econ Final Study > Flashcards

Econ Final Study Flashcards

0
Q

Value of Money

A

Value in the long run

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1
Q

Functions of Money

A

Medium of exchange
Unit of account
Store of value

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2
Q

Reasons AD curve is downward sloping

A
  • wealth effect
  • interest-rate effect
  • exchange rate effect
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3
Q

As US prices rise

A

US Dollar appreciates

Slides

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4
Q

When MD increases, interest rate increases Ch. 21 (1e)

A

j

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5
Q

Liquidity preference graph

A

Interest rate and Quantity of Money

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Economics (4 decks)

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