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Author Question: Under the bimetallic standard of the 19th century: a. the amount of money in circulation increased. ... (Read 39 times)

itsmyluck

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on: Jun 30, 2018
Under the bimetallic standard of the 19th century:
 a. the amount of money in circulation increased.
  b. the American dollar served poorly as a unit of account.
  c. only one metal tended to circulate as money at any given time.
  d. the government earned profits by selling gold.

Question 2

The belief that government spending is necessary to offset sluggish private investment demand is associated with:
 a. monetarism.
  b. supply-side economics.
  c. Keynesianism.
  d. rational expectations theory.


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elyse44

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c. only one metal tended to circulate as money at any given time.

Answer to Question 2

c. Keynesianism.


itsmyluck

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Reply #2 on: Jun 30, 2018
Thank you


elyse44

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Reply #3 on: Jun 30, 2018
No problemo


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