Monetarists Argue That Business Fluctuations Are Caused by

question 172

Multiple Choice

Monetarists argue that business fluctuations are caused by

• A)excessive government spending.
• B)ups and downs in the growth of the money supply.
• C)changes in tax rates.
• D)changes in transfer payments.

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Definitions:

Union Pacific

A major railroad company in the United States, primarily operating in the western two-thirds of the country.

Central Pacific

Often refers to the central area of the Pacific Ocean, but can also denote the Central Pacific Railroad, a key portion of the First Transcontinental Railroad in the United States.

Clement Vallandigham

A controversial American politician and leader of the Copperhead faction of anti-war Democrats during the Civil War, known for his opposition to Abraham Lincoln's policies.

Banished

The act of officially or formally expelling someone from a community, country, or organization, often as a punishment.