Prolonged Periods of Monetary Contraction, as Was the Case During

question 87

Multiple Choice

Prolonged periods of monetary contraction, as was the case during the Great Depression, will likely result in

• A) an increase in real output and employment.
• B) an increase in loanable funds and upward pressure on the rate of inflation.
• C) a decrease in output and downward pressure on prices.
• D) a decrease in unemployment and upward pressure on prices.

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Definitions:

Whisk Ferns

Primitive plants belonging to the genus Psilotum, characterized by simple branching stems and lacking true leaves and roots.

Chromosome Sets

The complete set of chromosomes present in the nucleus of a cell or organism, usually occurring in pairs in diploid organisms.

Gametophyte

The haploid stage in the life cycle of plants and algae that produces gametes (sex cells) through mitosis.

Sporophyte

Spore-forming diploid body that forms in the life cycle of land plants and some multicelled algae.