The amount earned by the tertiary laborer is determined by labor productivity in the primary and secondary sectors of the U.S. economy

The "gold-standard" is a system in which:

A) gold mining firms own the right to print currency. B) people use gold as a medium of exchange. C) paper currency is backed by gold. D) gold is imported into the U.S. in exchange of paper currency.

Central bank credibility may be established by ________

A) the appointment of individuals to the Fed with a strong aversion to inflation B) quicker responses to negative aggregate supply shocks C) greater coordination between monetary and fiscal policy D) the appointment of central bankers who are hawkish on defense