Primary sources are documents, images or artifacts that provide firsthand testimony or direct evidence concerning an historical topic under research investigation. Primary sources are original documents created or experienced contemporaneously with the event being researched.

An opinion is a judgment based on facts, an honest attempt to draw a reasonable conclusion from factual evidence.

What is the definition of a reasoned judgment? information that can be proven by evidence. information that comes from an authority on a subject. a statement of a point of view that is supported by evidence. a statement or view that reflects a person’s feelings or beliefs.

The reason why “Is there a correlation between extracurricular activities and grades” research question would be most appropriate for a four- to five-page research paper is because it has to go through long process where we have to know the independent and dependent variable and it involves many calculations.

During a recession, what is one way governments try to encourage growth? by increasing unemployment benefits by stopping government spending by requiring firms to maintain production by eliminating all tax breaks.

1 Answer. When economists determine the GDP of the nation is declining, that is the sign of economic decline in the country.

When production is very high but demand is very low, it can lead to a “recession”. A recession is the point at which the economy decreases fundamentally for no less than a half year. That implies there’s a drop in the accompanying five financial markers: genuine GDP, pay, business, assembling, and retail deals.

Government

Very low inflation usually signals demand for goods and services is lower than it should be, and this tends to slow economic growth and depress wages. This low demand can even lead to a recession with increases in unemployment – as we saw a decade ago during the Great Recession.

According to this graph, how does supply behave in the long run? Output remains constant. the Supply is determined by production costs, and demand is determined by need for the product.

Scarcity is one of the major factors that give money its value. Because if it was very common and everyone could find it easily, it will lose its value. Hence the primary factor is scarcity.

Commodity money is money whose value comes from a commodity of which it is made. Examples of commodities that have been used as media of exchange include gold, silver, copper, salt, peppercorns, tea, decorated belts, shells, alcohol, cigarettes, silk, candy, nails, cocoa beans, cowries and barley.

1.Is a $5 bill commodity money? Yes it is money because it serves as a medium of exchange and unit of account 4.

The U.S. dollar is fiat money, as are the euro and many other major world currencies. This approach differs from money whose value is underpinned by some physical good such as gold or silver, called commodity money. The United States, for example, used a gold standard for most of the late 19th and early 20th century.

The U.S. dollar is, for all intents and purposes, backed by oil. It’s been that way by design since the 1970s, when the United States worked with OPEC to ensure a steady flow of oil to the country. This dollar-first policy has been the cornerstone of American foreign policy since Vietnam.

The U.S. dollar is considered to be both fiat money and legal tender, accepted for private and public debts. 4 Legal tender is basically any currency that a government declares to be legal.

Today, like the currency of most nations, the dollar is fiat money, unbacked by any physical asset. A holder of a federal reserve note has no right to demand an asset such as gold or silver from the government in exchange for a note. All coins previously minted in silver for general circulation are now clad.

TOP 10 – The Most Stable Currencies in the World in 2021

• #1 – Swiss Franc. Currency code – CHF.
• #2 – Japanese Yen. Currency code – JPY.
• #3 – Norwegian Krone. Currency code – NOK.
• #4 – Swedish Krona. Currency code – SEK.
• #5 – European Euro.
• #6 – Singapore Dollar.
• #7 – United States Dollar.
• #8 – Australian Dollar.

the Fed

When a whole country tries to get richer by printing more money, it rarely works. Because if everyone has more money, prices go up instead. And people find they need more and more money to buy the same amount of goods.

Some real dollar printing does still occur (with the help of the U.S. Department of the Treasury), but the vast majority of the American money supply is digitally debited and credited to major banks. The real money creation takes place after the banks loan out those new balances to the broader economy.

The fact that at the same time the Bank of England is buying hundreds of billions of pounds’ worth of bonds helps the government to raise that money. When the latest round of QE is complete, the Bank of England will hold well over a third of the national debt.

To get richer, a country has to make and sell more things – whether goods or services. This makes it safe to print more money, so that people can buy those extra things. If a country prints more money without making more things, then prices just go up.