Answer:
C. Move to fiat currency
Explanation:
Gold Standard
Gold standard is a monetary system where the paper money issued by the government through its monetary authority must be backed a defined quantity of gold. But nations have since moved from that gold standard and to a monetary system known as Fiat currency. under gold standard the value of money is commensurate with the value of gold backing such a currency.
Fiat currency
When monetary authority issue paper money that is not backed by gold but with the faith of the issuing authority, such is called fiat currency or fiduciary issue. Fiduciary issues is purely based on trust in the government issuing it.
Answer:
G = $20 Billion
Explanation:
Given that
C = $60 billion
GDP = $100 billion
Gross Investment = $30 billion
Net export = $10 billion
Recall that
GDP = C + Ig + G + Xn
Therefore
G = GDP - ( C + Ig + Xn )
G = 100 - ( 60 + 30 + [-10])
G = 100 - (90 - 10)
G = 100 - 80
G = 20
Thus, government expenditure is $20 billion.
It is A. So that I know whether I have identified potential barriers
<span>After decreasing Nominal & Real GDP, the Federal Reserve will engage in Contractionary Monetary Policy. The answer is letter B. IF the Federal Reserve increases the amount of monetary growth, the economic theory shows that it will decrease in the short run but will increase eventually in the long run from their initial value.</span>
