Author Question: In the United States today, the U.S. dollar is backed by A) silver. B) U.S. Treasury securities. ... (Read 84 times)

cartlidgeashley · **on:** Jun 29, 2018

In the United States today, the U.S. dollar is backed by

A) silver. B) U.S. Treasury securities.
C) gold. D) none of the above

Question 2

An increase in the equilibrium price for a product will result

A) when there is an increase in demand and an increase in the number of firms producing the product.
B) when there is a decrease in supply and a decrease in demand for the product.
C) when there is a decrease in supply and an increase in demand for the product.
D) when the quantity of the product demanded exceeds the quantity supplied.