The aggregate supply curve is depicted as vertical in the simple quantity theory of money
Indicate whether the statement is true or false
True
Economics
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Which of the following is part of an economic model?
A) assumptions B) norms C) preferences of economic agents D) opinions
Economics
Because Federal Reserve Notes (paper currency) are legal tender
A) U.S. workers must accept them as payment for labor services. B) the Treasury Department mandates that the United States will never become a cashless society. C) U.S. firms must accept them as payment for goods and services. D) None of the above are correct.
Economics