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Sphinxa [80]
3 years ago
8

Why were new york city, boston, and Philadelphia important cities in the history of the united states?

Social Studies
1 answer:
Andreyy893 years ago
4 0

New York, Boston, and Philadelphia were all major early American cities that due to their favorable geography became major industrial and commercial hubs for the new country.

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Answer:

restricting the money supply by adjusting interest rates

Explanation:

As you may already know, inflation is the term used to refer to the exaggerated and continuous increase in the price of all products present on the market in a given country. Inflation can generate a lot of economic and even social damage, for this reason, it is necessary for the government to establish strategies that reduce the level of inflation in the country.

In the short term, the strategies that the government can adopt when inflation is high are to reduce spending, but to increase taxes and raise interest rates. With that, we can say that the government restricts the money supply within the country, limiting spending, but adjusting interest rates so that they get higher. As a result, the demand for products will be less than the supply. The result of this, is a tendency to decrease the price of products.

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