Currently in the United States, money is backed by
a. silver in the IMF vaults.
b. Federal Reserve notes in banks.
c. gold in Fort Knox.
d. everyone's willingness to accept it.
d
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Economic rent refers to profit derived from owning real estate.
Answer the following statement true (T) or false (F)
The price of coffee fell from $1.97 per pound in December 2014 to $1.62 in December 2016. During that time the overall price level increased by 1 percent. What was the change in relative price in coffee during this period?
a. –$0.31 b. –$0.33 c. –$0.35 d. –$0.37
When a new airline opens service between two major cities, the supply of airline seats ____ and the supply curve of airline seats shifts ____. Question 30 options:
A. increases; leftward B. decreases; leftward C. increases; rightward D. decreases; rightward E. increases; does not change
What are some extensions to the simplified model of the loan able funds market?
What will be an ideal response?