One reason the colonials complained about the Navigation Acts was
(a) the "shortage" of money; they believed the trade deficits of the colonies were bleeding them
of coins.
(b) the "surplus" of money that was causing inflation; they believed the trade deficits were flooding the colonies with coins.
(c) the Acts' not allowing foreign coins, which created a "shortage" of foreign coins relative to British coins.
(d) the Acts' requirement that only paper money would circulate in the colonies, without the backing of gold.
(a)
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Based on the production data for Pat's Pizza Parlor in the above table, the marginal product of the 4th worker is ________ pizzas
A) 5 B) 8 C) 10 D) 45
Explain two reasons why the Fed does not have complete control over the level of bank deposits and loans. Explain how a change in either factor affects the deposit expansion process
What will be an ideal response?