The new growth theory would be most likely to lend support for increased government support for

According to the U.S. Secret Service, approximately $2.6 billion of U.S. paper currency in circulation is counterfeit. The U.S. government is continually adding security features to its paper currency to help make counterfeit money easier to detect

If counterfeit currency remained undetected, a vast increase in the supply of counterfeit U.S. currency would A) lower the nominal income of the average U.S. worker. B) decrease aggregate demand in the short run. C) lead to inflation. D) reduce the amount of M1.

Money that has no intrinsic value and is created by a government decree is called

A) barter money. B) fiat money. C) commodity money. D) asset money.