Fiat money is:
a. includes currency and gold in bank vaults.
b. does not include coins.
c. is backed by any sort of commodity.
d. has no value outside of its use as money.
D
Economics
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Which of the following is NOT one of the factors your text identifies that could affect the size of the multiplier?
A) What sector of the economy receives the initial increase in spending B) How the spending is financed C) Whether the economy is in recession or at full employment D) Whether the economy is in autarky equilibrium
Economics
What are the major components of the current account in the balance of payments? How is the current account balance determined?
What will be an ideal response?
Economics