America's First Constitution Was the

question 262

Multiple Choice

America's first constitution was the

• A) U.S. Constitution as ratified in 1789.
• B) Articles of Confederation.
• C) Declaration of Independence.
• D) Magna Carta.
• E) several state constitutions.

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Definitions:

Opportunity Cost

The consequence of losing possible gains from various options when one preference is made.

Interest Rate

The cost of borrowing money or the return for investing money, usually expressed as a percentage per annum.

Money Demand

The desire to hold cash or liquid assets rather than making investments, influenced by interest rates, income levels, and inflation.

Real GDP

The assessment of a nation's economic production once it has been corrected for changes in prices, such as inflation or deflation, showcasing the actual amount of goods and services generated.