The answer is B
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Answer:
The Song dynasty (960-1279) follows the Tang (618-906) and the two together constitute what is often called "China's Golden Age." the inventions of gunpowder, the compass, and printing all occur under the Song.
<span>In America’s version of federalism, power is shared b</span>etween the state and federal governments.
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Explanation:
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The fourth question is correct (D).
To understand this answer, one must understand the mechanism of correction of inflationary processes.
Inflation erodes the purchasing power, thus, the elderly with fixed income will be harmed and not beneficiaries in an inflationary process.
<u>The main mechanism to reduce inflation is the interest rate.</u> In this way, when inflation happens, the Federal Reserve raises the interest rate. This makes public bonds profitable and economic agents begin to use money by buying bonds, reducing the circulation of money and consequently lowering inflation.
For banks that have made adjustable rate loans, this will be a good thing, as interest on the contracts will increase along with the increase in the interest rate, which will make the contracts yield more. Therefore, banks will be the biggest beneficiaries. However, this will happen only when the rate is adjustable.
