Anthropologists Successfully Decoded Khipu,the Knotted Strings Used by the Incas

question 36

True/False

Anthropologists successfully decoded khipu,the knotted strings used by the Incas as a writing system demonstrating that it was an actual written language and not an accounting system.

---

Definitions:

Cost-Push Inflation

Rising costs of doing business push up prices.

Open-Market Operations

Activities undertaken by central banks to buy or sell government securities in the open market to influence the money supply and interest rates.

Aggregate Demand

The all-embracing pursuit of goods and services in an economy, calculated at a fixed overall price level and within a chosen time frame.

Business Cycle Trough

The phase in the business cycle where economic activity is at its lowest point, preceding a recovery or expansion period.