Fiat money refers to a monetary system in which gold backs up paper money.
Answer the following statement true (T) or false (F)
False
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A long-term mismatch between the skills of some workers and the jobs available is a principal cause of ________ unemployment.
A. structural B. cyclical C. frictional D. global
In the past few centuries, choices have led to a substantial decline in the standards of living around the globe
Indicate whether the statement is true or false
Fiscal policy is most effective when capital is not mobile and the country has fixed exchange rates.
Answer the following statement true (T) or false (F)
If the price elasticity of supply is 0.5, a 10 percent increase in price will cause a:
A. 5 percent decrease in quantity supplied. B. 20 percent increase in quantity supplied. C. 20 percent decrease in quantity supplied. D. 5 percent increase in quantity supplied.