The first money issued by a United States' governmental authority were
a. bank notes issued by the United States Treasury 1766, 10 years before the founding of the Republic
b. silver certificates issued by the Federal Reserve on the eve of the American revolution
c. Continental Notes issued by the Continental Congress to finance the Revolutionary War
d. greenbacks issued by the Treasury to finance the War of 1812
e. gold certificates issued by the Federal Reserve during American revolution
C
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A change in which of the following variables will cause a shift of the IS curve in the current period?
A) the current interest rate B) current output C) current taxes D) all of the above E) none of the above
The U.S. system of resource ownership
a. is pure capitalism b. excludes any state ownership of resources c. includes government restrictions on the use of privately owned resources d. is designed to eliminate the problem of scarce resources e. excludes any communal ownership