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Less money in circulation means ______ prices
store of value
The average change in price, over time, of consumer goods and services
When two parties have goods to trade and one party does not want the other’s trade good
Greater demand can lead to higher prices
Lower
Higher
Less
The total amount of a specific good or service that is available to consumers
What is the “double coincidence of wants’?
store of value
The average change in price, over time, of consumer goods and services
When two parties have goods to trade and one party does not want the other’s trade good
Greater demand can lead to higher prices
Lower
Higher
Less
The total amount of a specific good or service that is available to consumers
What does the CPI measure?
store of value
The average change in price, over time, of consumer goods and services
When two parties have goods to trade and one party does not want the other’s trade good
Greater demand can lead to higher prices
Lower
Higher
Less
The total amount of a specific good or service that is available to consumers
Higher prices mean money is worth ______
store of value
The average change in price, over time, of consumer goods and services
When two parties have goods to trade and one party does not want the other’s trade good
Greater demand can lead to higher prices
Lower
Higher
Less
The total amount of a specific good or service that is available to consumers
Because money lasts a long time, it is a better _______ than a physical trade-good like meat or crops.
store of value
The average change in price, over time, of consumer goods and services
When two parties have goods to trade and one party does not want the other’s trade good
Greater demand can lead to higher prices
Lower
Higher
Less
The total amount of a specific good or service that is available to consumers
More money in circulation means ______ prices
store of value
The average change in price, over time, of consumer goods and services
When two parties have goods to trade and one party does not want the other’s trade good
Greater demand can lead to higher prices
Lower
Higher
Less
The total amount of a specific good or service that is available to consumers
In economic terms, what is supply?
store of value
The average change in price, over time, of consumer goods and services
When two parties have goods to trade and one party does not want the other’s trade good
Greater demand can lead to higher prices
Lower
Higher
Less
The total amount of a specific good or service that is available to consumers
How can supply and demand impact prices?
store of value
The average change in price, over time, of consumer goods and services
When two parties have goods to trade and one party does not want the other’s trade good
Greater demand can lead to higher prices
Lower
Higher
Less
The total amount of a specific good or service that is available to consumers
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