Fiat money is backed by gold
Indicate whether the statement is true or false
F
You might also like to view...
The economic growth model predicts that ________ across countries will converge over time
A) growth rates B) income levels C) GDP per capita D) foreign direct investment rates
What happens to consumer surplus as price falls along a given demand curve?
a. It always increases. b. It always decreases. c. It never changes. d. It increases only if price increases just a little. e. It depends on the elasticity of demand and supply.
Sam wins a Mega Millions jackpot worth $3 million. Which of the following is most likely true of Sam's consumption function? a. His consumption function will be flatter
b. His consumption function will be steeper. c. His consumption function will shift upward. d. His consumption function will shift downward.
Increases in deficit spending may be accompanied by
A. An increase in U.S. exports. B. A shift of the Aggregate supply curve to the right. C. A shift of the Aggregate demand curve to the right. D. The U.S. Treasury buying more bonds.