Some early forms of money, like commodity money, did not survive because
A) they were outlawed.
B) quality control was difficult.
C) people disagreed on which good to use.
D) paper quality was poor.
B
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Macroeconomic variables that the Fed cannot control directly but can influence fairly predictably, and which are related to the Fed's goals, are known as
A) instruments. B) tools. C) intermediate targets. D) initial targets.
In countries with very restrictive labor laws , many firms are reluctant to hire workers. This reluctance can
A) reduce cyclical unemployment and the natural rate of unemployment. B) reduce structural unemployment and the natural rate of unemployment. C) reduce frictional unemployment and the natural rate of unemployment. D) increase the natural rate of unemployment.
Which of the following is the best example of a decreasing-cost industry?
A) the health care industry B) the personal computer industry C) the college-education industry D) the oil industry
Which of the following is an example of a transfer payment?
A. Your grandma buys you a new watch for graduation. B. A military contractor pays to move its employee from the East Coast to the West Coast. C. The county office gives its low-income residents food stamps. D. The government floats bonds for a new highway.