U.S. currency is
A. a commodity money
B. tied to the value of gold at a fixed rate
C. fiat money
D. the only store of value
Answer: C
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Objective probabilities are based on ________ and ________ frequencies.
A) educated guesses; popular B) educated guesses; relative C) data; popular D) data; relative
Given that Monika's income exceeds her expenditures, Monika is best described as a
a. saver or as a supplier of funds. b. saver or as a demander of funds. c. borrower or as a supplier of funds. d. borrower or as a demander of funds.
Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
Recall the Application about how the price of CO2 permits in the European Union is determined to answer the following question(s).Recall the Application. Which of the following factors has caused the decline in the price CO2 allowances in the EU in 2011?
A. industrial output increased B. the number of renewable energy sources increased C. the number of energy efficient appliances increased D. All of these are correct.