Today's Federal Reserve bank notes promise to pay the bearer
A) nothing.
B) a fixed quantity of gold.
C) a variable quantity of gold.
D) a specific interest rate.
E) a variable interest rate.
A
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The hypothesis that changes in the money supply lead to proportional changes in the price level is called
A) the equation of exchange. B) the Keynesian multiplier. C) the theory of empirical relativity. D) the quantity theory of money and prices.
Use the law of diminishing marginal utility to explain why Domino's and Pizza Hut allow the purchase of a second pizza for only $4 when one pays full price (around $10) for the first pizza. Why not simply charge $7 a pizza instead?
Workers determine the supply of labor, and firms determine the demand for labor
a. True b. False Indicate whether the statement is true or false
A partnership is limited to how many owners?
A) 2 B) 5 C) less than 10 D) There is no limit to the number of owners.