The Due Process Clause of the Fifth Amendment to the U.S

question 48

True/False

The Due Process Clause of the Fifth Amendment to the U.S. Constitution requires the government to compensate a property owner when it exercises the power of eminent domain.

---

Definitions:

Open-market Operations

The buying and selling of government securities by a central bank to control the money supply and interest rates in the economy.

Friedman Rule

A monetary policy rule proposed by economist Milton Friedman, suggesting that the optimal nominal interest rate is zero to eliminate the opportunity cost of holding money.

Deflation

A decrease in the general price level of goods and services, often indicating an economic slowdown.

Inflation

The velocity at which the aggregate price level for goods and services elevates, thereby reducing purchasing capability.