The U.S. fiduciary monetary system
A) is the one agency responsible for providing coins and paper currency.
B) is one where money is not convertible to a fixed quantity of gold.
C) puts capital controls in place.
D) controls the private banking system.
B
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To ask "what causes a recession" is the same as asking
A) "why does supply meet demand?" B) "what is the link between price elasticity of demand and price elasticity of supply?" C) "why have so many individuals made errors all at once?" D) "why have price controls failed us?"
For a typical consumer, most indifference curves are bowed inward
a. True b. False Indicate whether the statement is true or false
Other things the same, the aggregate quantity of goods demanded decreases if
a. real wealth falls. b. the interest rate rises. c. the dollar appreciates. d. All of the above are correct.
Fiscal federalism
A. is uncommon in the United States. B. involves grants between levels of government. C. relies on balanced budgets. D. is administered by the Federal Reserve.