The U.S. dollar:
a. is the most ancient form of money
b. is an example of modern money.
c. is backed by gold.
d. is accepted everywhere around the world.
b
You might also like to view...
Critics of government frequently assert that special interest groups favor transfer policies rather than economic growth policies.
Answer the following statement true (T) or false (F)
Which of the following changes best represents the effect of the oil embargo (a shut-off of oil from certain OPEC countries) of the 1970s on the U.S.?
a. A leftward shift of the long-run aggregate supply curve b. A rightward shift of the long-run aggregate supply curve c. A leftward shift of the aggregate demand curve d. A rightward shift of the aggregate demand curve e. A rightward movement along a given aggregate demand curve
Both monetary policy and fiscal policy were used in response to the recession of 2007-2009
a. True b. False Indicate whether the statement is true or false
Consumer surplus is the area on the graph
a. above the supply curve and below the demand curve. b. below the demand curve and above the market price. c. that represents the gains that producers receive when they sell a product. d. that reflect the opportunity cost of producing the a good.