What Was the Gag Rule

question 50

Multiple Choice

What was the gag rule?

• A) a ban on the reading of antislavery petitions in Congress
• B) a ban on the publication of antislavery petitions in newspapers
• C) a ban on mailing antislavery literature to the South
• D) a ban on giving antislavery speeches in Washington D.C.

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Definitions:

Aggregate Demand

The total demand for all goods and services within an economy, including consumption, investment, government spending, and net exports.

Aggregate Supply

The total supply of goods and services produced within an economy at a given overall price level and in a given time period.

Money Supply

The total amount of money available in an economy at a particular time, including cash, deposits, and other liquid assets.

Sacrifice Ratio

The number of percentage points of annual output lost in the process of reducing inflation by 1 percentage point.