Fiat money
a. can be exchanged for gold and silver.
b. is found in gold certificates .
c. is not acceptable in the U.S.
d. is accepted on faith.
d. is accepted on faith.
You might also like to view...
The fair insurance price is where ____________, where Y is the income that is lower than the income involving the fair insurance
Fill in the blank(s) with the appropriate word(s).
If people are risk averse regarding environmental damages.
a. Low discount rates should be used b. High discount rates should be used c. Expected values will overstate ecological damages d. Irreversible actions should be taken e. They will generally approve of irreversible projects f. All of the above. g. None of the above.
The marginal propensity to consume plus the marginal propensity to save must always equal 1
a. True b. False Indicate whether the statement is true or false
Writing during the Great Depression, Keynes naturally focused on problems of
a. hyperinflation. b. budget deficits. c. trade deficits. d. unemployment.