Author Question: Checks are NOT money because they A) are issued by banks, not by the government. B) are merely ... (Read 131 times)

Jkov05 · **on:** Jun 29, 2018

Checks are NOT money because they

A) are issued by banks, not by the government.
B) are merely instructions to transfer money.
C) have value in exchange but little intrinsic value.
D) are not backed by either gold or silver.

Question 2

In the figure, when the real wage rate is 10 an hour, ________.

A) a shortage of labor exists and the real wage rate will rise
B) the demand for labor will increase
C) the demand for labor will decrease
D) a surplus of labor exists and the real wage rate will fall