According to the tenets of monetary theory, which of the following is a prescription for reducing inflation?
A. If less money is available, price increases will slow and the inflationary spiral will end.
B. Credit can be eased by lowering interest rates, thus allowing the supply of money to grow quickly.
C. Increased federal spending will spur economic expansion, reduce unemployment, and increase personal spending.
D. Reduced federal taxes will give consumers more buying power.
Answer: A
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For which of the following are Elias Howe and Isaac Singer known?
A. The development of the ready made clothing industry. B. The drilling of the first commercially successful oil well in the United States. C. The building of the first skyscraper——the Home Insurance Building in Chicago. D. The creation of the first device to record sound and play it back.
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Indicate whether the statement is true or false.
What was one way in which Pennsylvania differed from Virginia?
What will be an ideal response?