Which of the following goods will least likely suffer a decline in demand during a recession?

Goldsmiths who issued receipts for the customer deposits of gold or silver coins were probably the originators of

A) money. B) paper money. C) seignorage. D) Federal Reserve notes.

An optimum that occurs as a corner solution

A) includes only one good. B) cannot be an equilibrium. C) cannot exhaust the budget constraint. D) includes the exact same amounts of each good.