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12thgrade

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Macroeconomics

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  • 1. Multiple Choice
    1 minute
    1 pt

    The​ ​Consumer​ ​Price​ ​Index​ ​(CPI)​ ​can​ ​be​ ​defined​ ​as

    The​ ​market​ ​value​ ​of​ ​all​ ​final​ ​goods​ ​and​ ​services

    A​ ​measure​ ​of​ ​inflation​ ​based​ ​on​ ​the​ ​cost​ ​of​ ​a​ ​fixed​ ​“market​ ​basket”

  • 2. Multiple Choice
    45 seconds
    1 pt

    All​ ​of​ ​these​ ​are​ ​functions​ ​of​ ​money​ ​​EXCEPT

    Medium of exchange

    Store of value

    Commodity money

    unit of measurement

  • 3. Multiple Choice
    1 minute
    1 pt
    Money loses its value when it
    It becomes too plentiful
    becomes too portabale
    is divisible
    is durable
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