According to the text, the main reason for people to hold money is
A) because they are irrational. B) to use it for different reasons.
C) to tell other people how rich they are. D) to enjoy looking at the pictures of past leaders.
B
Economics
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The exchange rate for a foreign currency that is determined by supply and demand is
A) a fixed exchange rate. B) a controlled exchange rate. C) a constrained exchange rate. D) a flexible exchange rate.
Economics
In the short run, an increase in government spending that causes an increase in the budget deficit
A) affects the level of output but not its composition. B) affects both the level and composition of output. C) affects only the price level. D) is neutral. E) none of the above
Economics