Which of the following statements is not true?
A. U.S. currency is legal tender.
B. For most of history gold has been the most common commodity money.
C. The most common form of money in the U.S. is not a commodity money.
D. Gold is an example of a fiat money.
Answer: D
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What will be an ideal response?
The budget deficit or surplus in any given year, adjusted for what it would have been if the economy were producing at potential GDP, is called
a. an automatic stabilizer. b. a discretionary fiscal policy. c. a standardized employment budget. d. a countercyclical employment budget.
The key dimension of deepening human capital in the U.S. economy focuses more on a higher average level of work experience than on additional education and training
a. True b. False Indicate whether the statement is true or false
It is not optimal to have equal incomes.
Answer the following statement true (T) or false (F)