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Author Question: The current monetary system in the United States is A) a mix of fiat money and exchange using ... (Read 156 times)

azncindy619

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on: Jun 30, 2018
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

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

A

Answer to Question 2

B


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