An Increase in the Purchasing Power of Money Need Not

question 271

True/False

An increase in the purchasing power of money need not lead to an increase in the purchasing power of income because the falling price level would likely mean falling wages and salaries.

---

Definitions:

White Supervision

A social order predicated on the control, oversight, and guidance by white individuals over other racial groups, especially in historical contexts.

Alien and Sedition Acts

A series of laws passed by the U.S. Congress in 1798 that included powers to deport foreigners as well as making it harder for new immigrants to vote and making it a crime to publish "false, scandalous, and malicious writing" against the government or its officials.

Virginia and Kentucky Resolutions

Political statements drafted in 1798 and 1799, in which the Kentucky and Virginia legislatures took the position that the federal Alien and Sedition Acts were unconstitutional.

Economic Plan

A strategic or tactical plan implemented by a government or organization to foster economic growth or address economic issues.