Fiat money is money the government says is money.
Answer the following statement true (T) or false (F)
True
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An increase in the demand for British pounds might result from: a. a reduction in the price level in the U.S. relative to Britain. b. a recession in the U.S. which reduces real output
c. a decline in interest rates in Britain. d. a decline in interest rates in the U.S.
The study of an economy's price level is explicitly a part of
A) macroeconomics. B) microeconomics. C) positive economics. D) normative economics.
The market for loanable funds is a market in which:
A. borrowers supply funds to savers, who want loans for their investment spending needs. B. borrowers buy and sell loans. C. savers interact to set the interest rate for loans. D. savers supply funds to those who want to borrow for their investment spending needs.
Referring to Table 4.1, Box H should be filled with 
A. $0. B. $150. C. $110. D. $125.