Bills of exchange and bills of credit typically had a market value that was _________ their face value
a. greater than
b. less than
c. equal to
d. a fixed percentage of
b. less than
You might also like to view...
On the 45-degree line diagram, the 45-degree line shows points where real aggregate expenditure equals
A) nominal GDP. B) unplanned investment. C) real GDP. D) planned investment.
With a change in the money supply, a vertical LM curve shifts a horizontal distance equal to
A) that change. B) that change times velocity. C) that change divided by velocity. D) that change times the simple Keynesian multiplier.
Why does the history of the U.S. matter?
(a) Historical knowledge helps us understand the forces that shaped the current economy. (b) The lessons of the past help us avoid future mistakes. (c) Historical knowledge helps us identify who or what is most likely to fuel future economic prosperity. (d) All of the above.
Education is an investment in human capital.
Answer the following statement true (T) or false (F)