According to the U.S. Secret Service, approximately $2.6 billion of U.S. paper currency in circulation is counterfeit. As long as counterfeit U.S. currency remains undetected and in circulation, an increase in the U.S
inflation rate would essentially
A) decrease the real value of the counterfeit currency.
B) increase the nominal value of the counterfeit currency.
C) increase the real value of the counterfeit currency.
D) decrease the nominal value of the counterfeit currency.
A
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A good is nonexcludable if:
A. there is no way to prevent a person from consuming or using it. B. more than one person can consume it at the same time without affecting its value to others. C. consumption of it involves perfect rivalry. D. consumption is completely excludable.
The belief that the government can do absolutely nothing in either the short run or the long run to reduce the unemployment rate, because people will anticipate the government's actions, is held by the:
a. rational expectations school. b. neo-Keynesian school. c. classical school. d. supply-side school. e. Keynesian school.
Poverty is
A. an absolute, not a relative concept. B. a relative concept, not an absolute. C. both an absolute and a relative concept. D. neither an absolute nor a relative concept.
The _______________________ (TARP) is an example of a government program created to help stabilize the financial sector during the financial crisis of 2007-2009
A) Times Are Really Problematic B) Tarnished Assets Recovery Program C) Troubled Assessments Recovery Program D) Troubled Assets Relief Program