A fiduciary monetary system is dependent on
A) acceptability and predictability of value.
B) precious metals backing fiat money.
C) Congressional monetary support.
D) a negative inflation rate.
A
Economics
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It is often argued that if foreign goods are kept out of the domestic economy:
a. jobs will be lost at home. b. jobs will be created abroad. c. foreign consumers will enjoy product surpluses. d. jobs will be created at home. e. foreign consumers will suffer product shortages.
Economics
Which of the following will reduce the price level and real output in the short run?
a. an increase in government purchases. b. an decrease in oil prices c. a decrease in the money supply d. technical progress
Economics