World War I (191418) caused inflation because
(a) war production stressed an economy already operating
close to full employment.
(b) fiscal policy mandated it.
(c) the Federal Reserve System required it.
(d) inflation always occurs in times of war.
Question 2
The system of sharecropping that emerged after the Civil War (18611865)
(a) gave neither the owners of land nor the sharecroppers strong incentives to make improvements
in agricultural production.
(b) gave both the owners of land and the sharecroppers strong incentives to make improvements
in agricultural production.
(c) gave the owners of land but not the sharecroppers strong incentives to make improvements
in agricultural production.
(d) gave the sharecroppers but not the owners of land strong incentives to make improvements
in agricultural production.
