The correct answer is: "Central banks are in charge of the monetary policy".
Central banks, such as the Federal Reserve, are in charge of designing and applying the monetary policy, which consists on influencing the amount of money in circulation in the economy and the interest rate levels, through mechanisms such as the open market operations. They also influence exchage rates between the domestic currency and foreign ones.
Interest rates affect investment levels, which in turn determine GDP figures and economic growth levels. The main objectives of the monetary policy are to ensure high economic growth, high employment levels and price stability (low inflation).
The demand was that Austrian officials should take part in the investigation into the assassination and in the hunting down and prosecution of the ring-leaders on Serbian territory, which would have infringed Serbia's state sovereignty. Serbia was required to react within 48 hours.
As for the Austro-Hungarian authorities participation in this investigation, the Serbian Government cannot accept it, because it would violate the Constitution and the law on criminal procedure.
The Austrians fully expected Serbia to reject these demands, allowing Austrian forces to invade Serbia and quickly defeat them before their ally and protector, Holy Mother Russia, could react militarily.
So after that, what do <u>you</u> think? Obviously yes.
The Declaration of the Rights of Man and of the Citizen (French: La Déclaration des droits de l'Homme et du citoyen) is one of the most important papers of the French Revolution. This paper explains a list of rights, such as freedom of religion, freedom of speech, freedom of assembly and separation of powers.
<em>A. Congress was denied power to regulate trade.</em>
Explanation:
The Articles of Confederation had many weaknesses, it did not give proper power to the national government, so they could not regulate trade, enforce laws, or tax citizens. Colonists were scared that if enough power got into the hands of the government, the same thing would happen with what happened with Great Britain. Although the national government had no judicial branch, would also be correct in this case, as the national government did not have enough power or resources to do so, the question states "mercantile laws", which have to do with trade. Congress did not have any power to regulate trade under the Articles of Confederation, as they hated how the British used to enforce laws on them about what they can and cannot trade, and who they can and cannot trade with.
