By the Time the State Ratifying Conventions Started Meeting, Two

question 74

Multiple Choice

By the time the state ratifying conventions started meeting, two distinct camps had formed: those who supported the Constitution called __________, and those who opposed the Constitution, who became known as __________.

• A) Nationalists; Secessionists
• B) Nationalists; Abolitionists
• C) Federalists; Antifederalists
• D) Federalists; Secessionists
• E) Federalists; Abolitionists

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Definitions:

Phillips Curve

A concept suggesting an inverse relationship between the rate of inflation and the rate of unemployment within an economy.

Desired Expenditures

The amount of spending households, firms, and the government wish to make, usually influenced by economic conditions and policies.

Inflation

A persistent upsurge in the average cost of goods and services across an economy over time.

Unemployment

The situation when people who are willing to work at current wage rates cannot find jobs.