An effective way to restore credibility to monetary authorities after a period of hyperinflation is
A) the introduction of a new monetary unit.
B) the introduction of wage and price controls.
C) a reduction in bank reserve requirements.
D) the centralization of monetary and fiscal policy under a single governmental unit.
A
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Which of the following is an economic argument used to explain why slavery persisted in the U.S.?
(a) Slavery crushed out individualism among slaves. (b) The social structure of slavery did not permit black leaders to lead revolts. (c) Slavery was an overall moral institution. (d) Slavery was a rational institution.
An increase in the price level in Japan relative to the price level in the United States will shift the demand curve for dollars leftward and the dollar depreciates or becomes weaker
a. True b. False Indicate whether the statement is true or false