Under the bimetallic standard of the 19th century,
a. gold was initially valued at about 15 times that of silver.
b. price fluctuations of gold and silver eased the adoption of the system.
c. price fluctuations caused hoarding of undervalued coins.
d. Both a and b are correct.
e. Both a and c are correct.
Question 2
Policies adopted by the Truman administration effectively avoided inflation during the Korean War. These policies included:
a. increased personal and corporate tax rates.
b. price and wage controls.
c. reduced purchases of government debt by the Federal Reserve.
d. discontinuance of the practice of pegging interest rates.
e. All of the above.
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