Answer:
Option: a. saw the herds suffer heavy losses.
c. proved that cattle could be driven to distant markets.
d. established a link to the booming urban markets of the East.
Explanation:
Cattle drives began in American West where they moved large herds of livestock to market, find fresh pasture, and to shipping points. In the 19th century, ranching became possible in Texas to Missouri. Cattle raised by the Spanish in Texas which began in mid 18th century. Early cattle drives headed west after the gold rush.
Answer:
The correct answer is Option "b. The value of the currency would increase"
Explanation:
The government through the central bank can adopt a variety of measures to control the amount of money supply in the economy. The state uses a combination of monetary and fiscal policies to this effect.
In the given example, the federal government would not print more money due to the implications it has not only on the value of the currency but also on other macroeconomic variables such as interest rates and inflation.
By printing money, there would be an excess amount of money supply in the economy. That would make each dollar in the economy worth less than what it was before. This puts downward pressure on interest rates and boosts inflation as well.
Due to higher inflation, a greater amount of money would be required to continue with normal business which would again cause the need to further increase money supply. Using the law of simple demand and supply, the value of money would keep lowering as money supply is kept increasing. This is why a government might elect to not print money.
Answer:It helps to reduce uncertainty in inflation expectations of market participants and the populase.
Explanation: INFLATION is the rise in the price of goods and services rendered within an Economy,it is mainly caused by shortages in supply or certain Government policies.
When the inflationary trends in numerical representation is made available to the populace and market participants it will help to curb the unnecessary uncertainty expressed by the populace or market participants. It will help to create stability and control panic.
They are also called meridians.
