The US Expansionary Demand Shock of the 1960s Was Caused Primarily

question 73

Multiple Choice

The U.S. expansionary demand shock of the 1960s was caused primarily by:

• A) the increased optimism of consumers and businesses.
• B) a rise in net exports due to a rapidly changing currency exchange rate.
• C) rapidly rising input costs.
• D) expansionary monetary and fiscal policies.

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Definitions:

Holder in Due Course

A legal term describing a person who has acquired a negotiable instrument in good faith for value and without notice of certain defects.

Holder's Actions

Decisions or moves made by the individual or entity that possesses or controls a financial instrument or legal document.

Presentment

A demand for acceptance or payment of a negotiable instrument made upon the maker, acceptor, or drawee by or on behalf of the holder of the instrument.

Instrument

A legal document formally evidencing an obligation or right, such as checks, promissory notes, or securities.