The U.S. dollar is called
A) frail money because wear and tear ruins paper bills.
B) convertible money because the government stands ready to convert it into gold or silver.
C) fiat money because the law decrees it is money.
D) faith money.
E) commodity money, because it is convertible into gold.
C
Economics
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If the Phillips curve represents a "________ relationship," then the trade-off between unemployment and inflation is permanent
A) cyclical B) structural C) frictional D) dynamic
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In 2010, fears were growing that the dollar would experience a significant decline in value. What are the likely implications for the euro-dollar exchange rate?
What will be an ideal response?
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