In an Economy with Money,changing Its Quantity

question 58

Multiple Choice

In an economy with money,changing its quantity

• A) can stimulate long-run economic growth.
• B) affects quantities, but not prices.
• C) does not change real quantities.
• D) improves welfare for the poor more than the rich.
• E) changes real quantities in the long-run.

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Definitions:

Abraham Lincoln

The 16th President of the United States, who led the country during the Civil War and played a key role in abolishing slavery with the Emancipation Proclamation.

Abolition

Social movement of the pre–Civil War era that advocated the immediate emancipation of the slaves and their incorporation into American society as equal citizens.

Colonization

The process by which a central system of power dominates the surrounding land and its components, often involving the settlement of its population and exploitation of resources.