According to the U.S. Treasury,
A) creditors do not have to accept cash in payment of debts.
B) U.S. dollars must be accepted as payment for any good or service sold in the United States.
C) firms do not have to accept cash as payment for goods and services.
D) the government will not accept cash in payment of taxes.
C
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If technology improves when a nation is in the intermediate range and only the Aggregate Supply changes, then:
a. Real GDP rises and average price level falls. b. Real GDP rises and real GDP remains the same. c. Real GDP remains the same and average price level falls. d. Real GDP remains the same and average price level rises. e. Real GDP remains the same and average price level remains the same.
Which of the following correctly describes the Phillips curve? ?
A. ?A curve showing the inverse relationship between interest rates and the quantity of money demanded. B. ?A curve showing the direct relationship between interest rates and the quantity of money demanded. C. ?A curve showing the direct relationship between the inflation rate and the unemployment rate. D. ?A curve showing the inverse relationship between the inflation rate and the unemployment rate.