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question 22 (1 point) economists do not agree on a precise measure of money or the money supply because _________. official statistics on the money supply not published because they are confidential, therefore economists must make them up many economists cannot agree if currency should be considered money definitions evolve all the time deciding what is generally accepted as a means of payment for goods and services or in the repayment of debt is contentious
The concept of what constitutes money and the money - supply is based on what is generally accepted as a medium of exchange and for debt - repayment. This is a debated area as different forms of assets and instruments can be considered money, leading to disagreements among economists. Official statistics on money supply are usually published, and currency is widely considered money. While definitions do change, the core issue is the contention around what is generally acceptable as a means of payment.
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Deciding what is generally accepted as a means of payment for goods and services or in the repayment of debt is contentious