In the mid-1830s, the U.S. entered an inflationary period that ...

[Jkov05]

In the mid-1830s, the U.S. entered an inflationary period that culminated in the depression of 1839-1843 . Contemporary economic historians attribute this economic downturn to
 a. the demise of the Second Bank of the U.S. in 1832.
  b. over-issue of gold coins by the U.S. Mint.
  c. over-expansion by the manufacturing sector.
  d. external forces, including large inflows of specie from Mexico and Europe.

Question 2

Over time, the Phillips curve has:
 a. remained stable.
  b. shifted downward.
  c. shifted upward.
  d. has become positively sloped.

[blakcmamba]

Answer to Question 1

d. external forces, including large inflows of specie from Mexico and Europe.

Answer to Question 2

c. shifted upward.

[Jkov05]

Great answer, keep it coming

[frankwu0507]

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