Coins and paper bills used as money:

a. currency
b. commodity money
c. representative money
d. fiat money

Ans: a. currency

Economics

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Labor force participation is a guaranteed ticket out of poverty

Indicate whether the statement is true or false

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The investment component of GDP measures spending on

a. financial assets such as stocks and bonds. During recessions it declines by a relatively large amount. b. residential construction, business equipment, business structures, and changes in inventory. During recessions it declines by a relatively large amount. c. financial assets such as stocks and bonds. During recessions it declines by a relatively small amount. d. residential construction, business equipment, business structures, and changes in inventory. During recessions it declines by a relatively small amount.

Economics