Recall that money serves three functions in the economy. What are those functions? How does inflation affect

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Recall that money serves three functions in the economy. What are those functions? How does inflation affect the ability of money to serve each of these functions?

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:17 AM

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Recall that money serves three functions in the economy. What are those functions? How does inflation affect

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The functions of money are to serve as a medium of exchange a unit of account ...View the full answer

Principles of economics

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