The inflation that occurred during the Civil War (1861–1865)
(a) was a means of expropriating resources to fight the war.
(b) was a form of taxation to provide resources to fight the war.
(c) represented a decrease in the purchasing power of money.
(d) was true for all of the above.
(d)
Economics
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Suppose the government runs a budget surplus in a given year. It can reduce its overall federal debt by
A) not buying anything on credit. B) forcing a change in net exports. C) increasing taxes on luxury items. D) buying back bonds it sold to the public.
Economics
When the economy is producing the maximum amount that it can, increasing the money supply will cause prices and output to increase
Indicate whether the statement is true or false
Economics