The U.S. dollar:
a. is the most ancient form of money
b. is an example of modern money.
c. is backed by gold.
d. is accepted everywhere around the world.
b
Economics
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Which of the following statements is TRUE?
A) All monopolists are perfect price discriminators. B) All monopolists earn short-run economic profits. C) A monopolist will leave the market if it incurs an economic loss in the long run. D) A monopolist does not need barriers to entry to sustain a long-run economic profit.
Economics
The aggregate supply curve will be vertical when
A. output can be increased without an increase in the price level. B. the economy is operating at the full employment level of real GDP. C. the output and price level rise together. D. aggregate demand is shifting to the left.
Economics