Answer:
A recession is a widespread economic decline that lasts for several months. A depression is a more severe downturn that lasts for years.
Explanation:
The statements that describe the ideas that Adam Smith expressed in the wealth of nations are:
- The natural laws of supply and demand
The invisible hand theory is a principle that Adam proposed that Individuals in a society should be left to act in their own best interests because the society would gain from it in the long run.
The natural laws of demand and supply is a function of the invisible hand which is automatically responsible for prices and market distributions in the economy
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Answer:
The power to create land ordinances
Explanation:
The Articles of Confederation were the first US Constitution. The article created a loose confederation of sovereign states with a weak central government. Because of that, the Congress did not have much power, because most of the power was left with the state governments.
One of the powers that Congress had was the power to create land ordinances. An example is the Northwest Ordinance of 1787 that was the single most important piece of legislation in that period.
There were no bill of rights, and people felt that they needed to be protected in that way. the nationalists complained that the AOC were too 'weak' to be effective. t<span>here was no president, no executive agencies, no judiciary and no tax base.</span>
