The money in circulation today in the U.S. economy is fiat money
Indicate whether the statement is true or false
T
You might also like to view...
Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
We observe that both the price of and quantity sold of golf balls are rising over time. This is due to:
A) continual improvements in the technology used to produce golf balls. B) increases in the price of golf clubs over time. C) decreases in membership fees for country clubs with golf facilities. D) more stringent professional requirements on the quality of golf balls requiring producers to use more expensive raw materials.
If a firm is a union shop, then
A) a worker may elect to either join or not join the union. B) only workers who have been union members for two years may be employed. C) only union members may be employed by the firm. D) a non-union worker may be hired but must join the union within a certain time period.
Which of the following is not an example of human capital investment?
A. A leadership training course B. A bachelor's degree C. Software with spell-check included D. All of these are examples of human capital investment.