Money solves the problem of double coincidence of wants that would regularly occur under a system of credit
Indicate whether the statement is true or false
FALSE
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Assuming that money is neutral, an increase in the nominal money supply would cause
A) an excess supply for goods. B) an increase in the real money supply. C) a fall in the price level. D) a rise in nominal wages.
What is the relationship between the Sherman Antitrust Act and the Clayton Act?
A) The Clayton Act was the first act passed and the Sherman Antitrust Act was the second. B) The Sherman Antitrust Act encouraged competition among firms in the U.S. while the Clayton Act encouraged competition among foreign firms. C) The Clayton Act strengthened the Sherman Antitrust Act by limiting some very specific business practices. D) Both Acts deal with issues of setting price and quantity for regulated industries.