Question

Question 12 (1 point) Fiat money functions well only if can be redeemed for gold or other precious metals. can serve well as a medium of exchange, but not as a store of value. has no value or very little value except as money. O is rarely used in modern economies. Question 13 (1 point) U.S. labor force participation was increasing in the 1970s and 1980s. Which of these is (are) true? Female labor force participation was rising; male labor force participation was declining somewhat. O Male and female labor force participation were both rising in those decades. Since 1980, female labor force participation has been as high or higher than male participation. Both a and c.

Answer 1

a) "C"

Fiat money has very little value except it is used as money because it is declared as money by the Fed.

b) "A"

Female labor force participation was rising; make labor force participation was declining somewhat.