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Colonists responded to the hated Stamp Act in all of the following ways except
Credible Policy
A policy considered by participants in the economy to be likely implemented and maintained over time, thereby influencing their economic decisions.
Lower Inflation
A decrease in the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is increasing.
Effectiveness Lag
The delay between the implementation of a policy and the time it takes for the policy's effects to manifest in the economy.
Monetary Policy
Economic strategy chosen by a government's central bank to control the money supply, aiming at achieving macroeconomic goals such as controlling inflation, consumption, growth, and liquidity.
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