Economists Who Stress the Store of Value Function of Money

question 107

Multiple Choice

Economists who stress the store of value function of money generally

• A) argue that M1 is the best measure of the money supply.
• B) prefer the M2 measure of the money supply to the M1 measure.
• C) argue that M1 is too broad a definition of the money supply.
• D) prefer the M1 measure of the money supply to the M2 measure.

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Definitions:

Situational Factors

External influences that affect an individual's behavior, decisions, or performance in a given context or environment.

Authoritarian Personalities

A personality type characterized by strict adherence to authority, submission to authority figures, and a desire for order and conformity.

Obedience

The act of following orders or commands from an authority figure, often studied in social psychology.

Authority

The power or right to give orders, make decisions, and enforce obedience, often associated with a particular position in a government, organization, or institution.