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14. TRUE or FALSE: To be defined as Money, all an object needs to serve all...

14. TRUE or FALSE: To be defined as Money, all an object needs to serve all the following purposes: means of exchange, storage of value and standard of value.

15. TRUE or FALSE: Stagflation is defined as the simultaneous occurrence of substantial unemploy

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14. True

The basic three uses of money are defined as Medium if exchange, store of value and unit if account as well.

15. True

The simultaneous occurence of Substantial unemployment and inflation is defined as stagflation.

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