1. Discuss possible ways Greece can reduce its high unemployment rate.
2. What are the three functions of money? Which function is the most important?
3. What are the characteristics that something needs to possess in order to function as money?
4. How does a commercial bank increase the money supply?
5. What would be a adverse selection for a grocery retailer? What would be a moral hazard for a grocery retailer?
6. What are some problems caused by inflation other than a decrease in purchasing power? Briefly explain each one.