Answered: money is correct? Money is…

money is correct? Money is neither income nor wealth. Money is not income but wealth. Money is both income and wealth. Money is sometimes income and other times wealth.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Money Growth And Inflation

Section: Chapter Questions

Problem 2QR

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Question

2 Which of the following statements about money is correct?

Money is neither income nor wealth.
Money is not income but wealth.
Money is both income and wealth.
Money is sometimes income and other times wealth.

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