People React to an Excess Supply of Money By

question 60

Multiple Choice

People react to an excess supply of money by:

• A) selling bonds, thus driving up the interest rate.
• B) selling bonds, thus driving down the interest rate.
• C) buying bonds, thus driving up the interest rate.
• D) buying bonds, thus driving down the interest rate.

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Definitions:

Victory Stele

A stone or metal pillar, typically erected to commemorate a victory in battle or a significant achievement, adorned with inscriptions and/or reliefs.

Ensi

Sumerian, “ruler.”

Eannatum

was a Sumerian king of Lagash circa 2500 BCE, known for expanding his city-state's territory through military conquest.

Glazed Tile Decorations

Decorative artwork made by applying a glass-like coating to ceramic tiles, which is then fired to create a smooth, often colorful surface.