The Southern economy ________________ from the damages of the Civil War.

With fixed interest rates, unanticipated deflation hurts ________ because ________

A) lenders; they get paid back in less valuable dollars B) lenders; they get paid back in more valuable dollars C) borrowers; they repay the loan in more valuable dollars D) borrowers; they repay the loan in less valuable dollars

"Supply creates its own demand" is known as

A) Smith's law. B) Say's law. C) the circular flow. D) the Ricardian dilemma.