Tossup

In a graph of this good’s market, a vertical supply curve intersects a downward-sloping demand (10[1])curve with nominal interest rate (-5[1])plotted (10[1])on the (10[1])y-axis. (10[3])Proponents (10[2])of a heterodox (10[1])“Modern” theory named for this good (10[2])include (10[1])Stephanie Kelton. (10[4])The producer of this good (-5[1])receives a profit called seigniorage (10[4])(“SANE-yur-idge”). Types (-5[1])of this good (10[1]-5[2])with more (10[1])inherent (10[1])value (-5[1])are predicted (10[1])to disappear by Gresham’s Law. (10[2]-5[3])Types of (10[1])this (10[1])good are traded (10[1])in (10[1])the forex (10[1])market. (10[13]-5[5])Fiscal (10[7])policy (10[3]-5[1])and (10[1])policy (10[3]-5[2])named after (10[2])this good (10[3])make up (10[1])a government’s (10[1])economic (10[1])policy. (10[6]-5[1])Types of this good that have no inherent value (10[1])are called (10[1])fiat. (10[7])For (10[1])10 points, (10[2])name this thing (10[2])that (10[1])can be exchanged for any good or service. (10[4])■END■ (10[12]0[1])

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