Author Question: The current monetary system in the United States is A) a mix of fiat money and exchange using ... (Read 88 times)

azncindy619

  • Hero Member
  • *****
  • Posts: 562
The current monetary system in the United States is
 
  A) a mix of fiat money and exchange using transactions deposits at banks.
  B) a commodity money system.
  C) a gold standard.
  D) a commodity-backed fiat money system.

Question 2

The Ricardian Equivalence says
 
  A) whatever the level of government expenses, consumption is the same.
  B) whatever the timing of taxes, consumption is the same.
  C) higher government expenses reduce consumption.
  D) an increase in current consumption has to lead to a decrease in future consumption.



Fayaz00962

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

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

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

For a complete list of videos, visit our video library