Which of the following is true of fiat money?
A) Fiat money is illegal and difficult to counterfeit.
B) The raw materials required for the production of fiat money are available only in a few countries.
C) Fiat money is not backed by a physical commodity.
D) The technology required to produce fiat money is not widely available.
C
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Typically bond prices fall as interest rates rise
Indicate whether the statement is true or false
Which one of the following factors will most likely cause an increase in aggregate demand?
a. An increase in net exports. b. An increase in the real interest rate. c. A decrease in net exports due to falling incomes abroad. d. A technological development that decreases the cost of producing computer chips.
What factors are held constant along a given demand curve for a good?
a. the price of the good b. the technology used to produce the good c. the supply of the good d. consumer incomes and the prices of other goods
A household ________ as long as the utility from the good's consumption is less than its market price.
A. will always buy a good B. should never buy a good C. will only buy a good D. should never sell a good