I Have Decided to Use My Credit Card to Purchase

question 41

Multiple Choice

I have decided to use my credit card to purchase a new television.What is the immediate consequence of this purchase?

• A) There would be a decrease in M1 and an increase in M2.
• B) There would be an increase in M1 and an increase in M2.
• C) There would be no changes to M1 or M2.
• D) There would be a decrease in M1 and a decrease in M2.
• E) There would be an increase in M1 and a decrease in M2.

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Definitions:

Colonial Powers

Countries that have established colonies overseas to exploit resources, spread their culture, and exert political control.

Civilization

A complex human society that has developed extensive systems of urbanization, social stratification, specialization of labor, governance, and often written language and culture.

William Birney

William Birney was an American lawyer, Union Army general during the American Civil War, and advocate for the education and civil rights of African Americans.

Spanish-American War

A conflict between Spain and the United States in 1898, resulting in the U.S. acquiring territories like Puerto Rico, Guam, and the Philippines.