By “inflation is like taxation without legislation” Morgan Friedman meant like inflation gets new money into economy and raises revenue, does not mean that it is a part of the legislation.
<u>Explanation:</u>
Inflation means rise in the prices of the goods and services of the economy at a continuous rate. With the increase in the prices, the revenue of the government also increases and new money also comes in to the economy, just like tax is a source of revenue for the government. But this does not mean that inflation is a part of the legislation or a part of the law, like the taxes are a part of the legislation.
Answer:
B
Explanation:
The South had large plantations with cash crops such as cotton on them, which means that they heavily relied on slave labor to harvest them.
It tried to increase its military hopefully causing fear into the colonists to back down.
The answer is simple: The Enlightenment
america declared war on japan and joined the allies
