Congress Created the Office of Price Administration to

question 49

Multiple Choice

Congress created the Office of Price Administration to

• A) control inflation during the war.
• B) preserve uranium production.
• C) raise money to pay for the war.
• D) lower prices to help American families survive the economic hardships of the war.
• E) decrease the national debt.

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Definitions:

Substitute Resources

Productive inputs that can be used instead of other inputs in the production process; resources for which an increase in the price of one leads to an increase in the demand for the other.

Capital Goods

Long-lasting goods that are used in the production of other goods or services.

Bank Tellers

Individuals employed by banks to assist customers with routine transactions like withdrawing or depositing money, among other services.

ATMs Spread

The spread of ATMs refers to the increasing availability and distribution of Automated Teller Machines across different locations, making financial transactions more accessible.