Suppose a period of continuous political instability leads people to believe that the economy will slide into a deep recession. as a result, people become more likely to accept in exchange for goods and services. u. s. dollars are an example of money.

(1) Commodity

(2) Flat

Explanation:

(1) Commodity

If people expect a deep recession coming ahead, they know that fiat (paper) money will lose all its purchasing power. Holding fiat money will not buy them their standard basket of goods & services, so they will prefer to hold commodity money.

(2) Flat

Fiat money is the legal tender money authorized by government, and any country's currency is a fiat money.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

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