The perceived specie shortage led colonists to invent:
(a) Country money
(b) Paper money
(c) Inflationary dollars
(d) Conservative money
(b)
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During the first half of the 2000s, the price of pork rose. After that, within a couple of years the price fell back to about the level before the initial increase. What might have led to these events?
What will be an ideal response?
General grants come with strings attached
a. True b. False
If the economy were at full employment and is producing at point Y,
A. the unemployment rate would increase.
B. the unemployment rate would decrease.
C. the production possibilities frontier would have shifted inward.
D. the production possibilities frontier would have shifted outward.
An opponent of monetary policy decisions by rule would point to which of the following as support of his case?
a. time inconsistency of policy b. flexibility to confront unforeseen circumstances c. political business cycle d. the ability to craft rules that account for all possible contingencies in advance