Fiat money is money:
a. accepted by law regardless of its intrinsic value.
b. that is not included as part of the M1 money supply.
c. that is backed by gold or silver held on reserve by the government.
d. such as coins that are made from metal.
a
Economics
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The Stackelberg model of oligopoly assumes that each of the two producers will choose prices instead of quantities and neither will change price in response to the other's decision
Indicate whether the statement is true or false
Economics
Big-push economists argue that an interlocking, balanced set of infrastructure and development investments can only be initiated, financed, and managed by
a. government b. private sector entrepreneurs c. foreign multinationals d. the World Bank e. the International Monetary Fund
Economics