This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the 1850s, the proportion of silver in the currency supply fell, and the proportion of gold rose. ... (Read 178 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jun 30, 2018
In the 1850s, the proportion of silver in the currency supply fell, and the proportion of gold rose. This is an illustration of :
 a. the quantity theory of money.
  b. Gresham's law.
  c. Say's law.
  d. the Walrasian auctioneer.
  e. none of the above.

Question 2

During the 1990s, the nominal price of crude oil ____ and the real price ____.
 a. leveled off; fell
  b. fell; leveled off
  c. rose; fell
  d. fell; rose


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 30, 2018
Answer to Question 1

b. Gresham's law.

Answer to Question 2

a. leveled off; fell


EY67

  • Member
  • Posts: 531
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

  • Member
  • Posts:
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

This is gold!!!! This is gold!!!!
Molten gold beetle Molten gold beetle
Leonardo da Vinci, Study of Human Proportion: The Vitruvian Man. Leonardo da Vinci, Study of Human Proportion: The Vitruvian Man.
Who Oversees the Food Supply? Who Oversees the Food Supply?
Blood Supply of the Liver Blood Supply of the Liver
Blood Supply to the Lungs Blood Supply to the Lungs
Video: Vasectomy

For a complete list of videos, visit our video library