The People’s Party supported fighting deflation by circulating...
A. more paper currency.
B. more silver coins.
C. fewer silver coins.
D. fewer gold coins.
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A. more paper curreny
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Deflation can be known as, in a layman’s terms, excessive supply or deficit in demand.
As soon as demand is decreased, the expenditure by households and entrepreneur sectors gets reduced, making way for an economic breakdown.
Therefore, the People’s Party supported fighting off deflation in their economy by circulating more and more Silver Coins, so that the locals can start demanding.
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