In the United States today, how much gold will the Federal Reserve give you in exchange for 1?
A) 1 ounce of gold
B) none
C) 1/35th of an ounce of gold
D) 1 worth of gold (based on the market price of an ounce of gold at the time you exchange the 1)
Question 2
In the decade of the ________, A.W. Phillips plotted data for Great Britain which revealed a relationship between rates of changes in wages versus unemployment rates.
Economists later discovered other Phillips Curve relationships between rates of inflation versus unemployment rates.
A) 1930s B) 1940s C) 1950s D) 1960s
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