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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.

2 Answers

5 votes
The People’s Party supported fighting deflation by circulating:

B) More silver coins
User Logee
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5 votes

Answer

More silver coins.

Step-by-step explanation

The People’s Party was organized for the purposes of representing the common folk especially farmers against the entrenched interests of railroads, bankers, processes, corporations, and the politicians in league with such interests. The People’s Party supported fighting deflation by circulating More silver coins. Deflation is a fall in general prices It normally happens either when the growth of the economy outpaces the growth of the money supply;or the drop in the money supply outpaces the contraction of the economy.

User Alex Belke
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