The interest rate is determined purely by market forces, and not by government involvement
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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The word "fiat" is
A) used to describe today's money because it is money set by law. B) used to describe money from when Kings ruled by decree or fiat. C) the term used to define the concept of barter. D) another word to mean the "double coincidence of wants." E) Latin for "backed by gold."
Economics
A consumer is in equilibrium when the consumption point is on
A) the budget line. B) an indifference curve. C) the highest indifference curve that just touches the budget line. D) none of the above.
Economics