What Did the Ausgleich or Compromise of 1867 Achieve

question 55

Multiple Choice

What did the Ausgleich or Compromise of 1867 achieve?

• A)It created a loose federation of ethnic states within the Austrian Empire.
• B)It freed the serfs and eliminated compulsory labor services with the Austrian Empire.
• C)It made Austria part of the North German Confederation.
• D)It granted the Czechs and Slovenes home-rule.
• E)It created the dual monarchy of Austria-Hungary.

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Definitions:

Price Level(P)

A measure of the average prices of goods and services in an economy, often used to compare the overall cost of living or inflation rate over time.

Money Demanded

The total amount of money that households and businesses want to hold at a given time, influenced by interest rates, income, and prices.

Interest Rate

The rate, calculated as a percentage of the principal, which a lender requires a borrower to pay for borrowing assets.

Money Market

A segment of the financial market in which financial instruments with high liquidity and very short maturities are traded.