Which of the Following Events Could Cause Inflation in the United

question 23

Multiple Choice

Which of the following events could cause inflation in the United States-a country that uses fiat money?

• A) There is a discovery of a new silver mine.
• B) There has been a decision made to switch from a currency based on the amount of gold (a scarce metal)to a currency based on the amount of silver (a plentiful metal).
• C) Individuals are frustrated by the infrequent occurrence of the double coincidence of wants.
• D) The government decides to print more money.
• E) The government decides to transition to a commodity-backed money.

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Definitions:

Denmark Vesey

An African American man who was most famous for planning a large slave rebellion in Charleston, South Carolina in 1822; the plot was discovered and Vesey was executed.

Slave Revolt

An armed uprising by enslaved people seeking freedom from servitude, notably seen in instances such as the Haitian Revolution or Nat Turner's rebellion.

1822

A specific year in the 19th century marked by various global historical events, lacking a singular defining characteristic without context.

1815

is the year marked by the end of the Napoleonic Wars with the defeat of Napoleon at the Battle of Waterloo.