Under the gold standard, to increase the money supply in the country, the government must
A) increase the value of the country's currency on foreign exchange markets.
B) simply print more currency.
C) have enough gold to back up the increase in the money supply.
D) buy foreign currencies with dollars to increase foreign currency reserves.
C
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If 10,000 people are willing to spend a maximum of $20 each to preserve one acre of rainforest, how many acres of rainforest could be preserved, assuming it costs $40 per acre to preserve the rainforest?
a. Zero acres b. 1,000 acres c. 5,000 acres d. 10,000 acres e. There is not enough information to answer the question Feedback
The natural rate of unemployment is
A) the unemployment rate when cyclical unemployment is the only type of unemployment. B) the unemployment rate when there is no frictional unemployment. C) the rate of unemployment associated with long-run equilibrium. D) zero.