One disadvantage of commodity money is that
A) it cannot be readily converted to gold.
B) its quantity can fluctuate erratically
C) its value does not change.
D) it has no value apart from its use as money.
Ans: B) its quantity can fluctuate erratically
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Because of automatic stabilizers, when GDP fluctuates the...
What will be an ideal response?
Chairmen of the Federal Reserve Board
A) serve 14-year terms as chairmen. B) serve 4-year renewable terms as chairmen. C) also serve as members of the administration. D) serve 4-year non-renewable terms as chairmen. E) none of the above
It has been observed that a change in monetary policy in the United States
A. has only short run influences. B. leads to corresponding changes in other countries. C. has little or no effect on foreign markets. D. impacts net exports.
Refer to the information provided in Figure 16.3 below to answer the question(s) that follow. 
Figure 16.3Refer to Figure 16.3. The ________ level of output of this product is 15.
A. efficient B. break-even C. market D. unregulated