Under the bimetallic standard of the 19th century:
a. the amount of money in circulation increased.
b. the American dollar served poorly as a unit of account.
c. only one metal tended to circulate as money at any given time.
d. the government earned profits by selling gold.
c. only one metal tended to circulate as money at any given time.
Economics
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As the rate of interest on borrowed funds increases, the quantity of investment funds demanded diminishes.
Answer the following statement true (T) or false (F)
Economics
In the market for labor, the price of labor is the:
A. real wage. B. same as price of the product produced by the labor. C. number of hours employed per year. D. marginal product of labor.
Economics