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14
After the 1865 Contraction Act, what did the Treasury Department do to fix the price level?
They adopted the Democratic approach of holding M constant. The Act was abolished. The US later resumed payment in gold for greenbacks in 1879.
Karteninfo:
Autor: savhighsmith
Oberthema: Economics
Thema: History of Economics
Schule / Uni: UGA
Ort: Athens
Veröffentlicht: 15.11.2010