To keep high inflation from eroding the value of money, monetary authorities in the United States:

A. establish insurance on checkable deposit accounts.
B. make paper money legal tender for the payment of debt.
C. control the supply of money in the economy.
D. create token money that is less than its intrinsic value.

Answer: C

Economics

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A change in a factor's price will have a greater effect on the quantity of the factor demanded the:

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