Author Question: The inflation that occurred during the Civil War (18611865) (a) was a means of expropriating ... (Read 58 times)

saliriagwu · **on:** Jun 30, 2018

The inflation that occurred during the Civil War (18611865)

(a) was a means of expropriating resources to fight the war.
(b) was a form of taxation to provide resources to fight the war.
(c) represented a decrease in the purchasing power of money.
(d) was true for all of the above.

Question 2

In the contract theory of wages, if workers and firms agree to enter into contracts in which their money wage adjusts automatically to changes in the actual price level, then aggregate supply

a. slopes upward and to the right.
b. shifts upward.
c. is horizontal.
d. is vertical.