The Keynesian theory implied the relationship between inflationary pressures and the level of unemployment; further research proved this relationship and it was coined the _________ curve.

An increase in the interest rate

A) lowers the present value of future revenue. B) increases the present value of future revenue. C) has no effect on the present value of future revenue. D) shifts the demand curve for capital leftward.

The current monetary system in the United States is

A) a mix of fiat money and exchange using transactions deposits at banks. B) a commodity money system. C) a gold standard. D) a commodity-backed fiat money system.