Which of the Following Statements Describes the Significance of William

question 84

Multiple Choice

Which of the following statements describes the significance of William Lloyd Garrison as a historical figure?

• A) As a white abolitionist, he demanded immediate emancipation of slaves and launched the anti-slavery newspaper The Liberator.
• B) He organized an anti-slavery political party that grew in size such that it participated in several presidential elections in the early 1800s.
• C) As a prominent business leader, he used calm, moderate language to oppose unfair treatment of laborers in factories and bring other industrialists to his side.
• D) He was a black man murdered when a mob attacked his printing office, and his death sent shockwaves around the country.
• E) As a southern senator, he actively defended slavery because of its importance to the economy and created a system for turning in runaways.

---

Definitions:

Wealth Effect

The wealth effect is the change in consumer spending and economic behavior resulting from changes in perceived wealth, typically due to asset price variations.

Aggregate-Demand Curve

A curve that represents the total demand for all goods and services in an economy at various price levels.

Liquidity Preference Theory

is the hypothesis that investors prefer to have liquid rather than illiquid assets and will demand higher yields for longer-term securities that are less liquid.

Aggregate Demand Curve

A graph showing the total demand for goods and services within an economy at different price levels.