Definition, Measurement, and Functions of Money
AP Macroeconomics · Flashcards
AP MACROECONOMICS · FLASHCARDS
Card 1
of 38
0 got it
0 to review
Current
Got it
Still learning
Not seen
QUESTION
Define commodity money.
QUESTION
What is fiat money?
QUESTION
What is the classical dichotomy?
Tap to flip before you grade
ANSWER
Theoretical separation of real and nominal variables in the economy. Money affects nominal but not real economic variables.
Swipe → got it · swipe ← still learning
Got it
Still learning
Flip Card
Previous card
Next card