Fiat money is backed by:
a. gold or silver
b. fractional reserves.
c. the promise of a bank to redeem it upon presentation.
d. the commodity in which it is denominated.
e. nothing.
e
Economics
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_______ has more flights hopping around the country than any other carrier
Fill in the blank(s) with the appropriate word(s).
Economics
The aggregate supply curve is drawn with
a. the price level on the vertical axis and nominal GDP on the horizontal. b. nominal GDP on the vertical axis and real GDP on the horizontal. c. the price level on the vertical axis and real GDP on the horizontal. d. real GDP on the horizontal and the rate of inflation on the vertical.
Economics