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Which statement reflects historians current assessment of the cause of the 16th century inflation in Europe?
A sudden influx of gold from the New World as Spanish treasure galleons sailed into Cadiz laden with tons of gold but no other products. A greatly increased quantity of "money", in the form of gold coins, was chasing the same amount of goods - food, lumber, spices, iron - and driving up the prices of everything worth buying.
A robust economy needs a growing quantity of money, but it also needs to have a growing supply of the things worth buying; food, clothing, jewelry, and art.
What else can I help you with?
Which statement reflects historians' current assessment of the cause of 16th century inflation in Europe?
Contemporary historians generally agree that the high inflation experienced in Europe in the 16th century was primarily due to a massive influx of silver and gold. The silver and gold came largely from Mexico and Bolivia.
Core inflation?
reflects the long-term trend in a particular price level
What is a statement that reflects a writer's feelings?
An opinion.
Which speaker's statement best reflects the ideas of the enlightenments?
c
This statement best reflects the goals of the?
Marshall Plan -apex
What reflects an accurate argument in favor of a command economy?
Which statement reflects an accurate argument in favor of a command economy
What is a judgement statement?
A judgment statement is an assertion or evaluation that expresses an opinion or conclusion about a person, situation, or event. It typically reflects subjective beliefs or feelings rather than objective facts, often leading to a positive or negative assessment. Judgment statements can influence perceptions and behaviors, making them significant in interpersonal communication and decision-making contexts.
What reflects one of the central beliefs of Judaism?
The statement: That which is hateful to you, do not do to others.
What is the value of 1.00 from 1963?
The value of $1.00 from 1963 is significantly higher when adjusted for inflation. Using the cumulative inflation rate, $1.00 in 1963 is approximately equivalent to around $9.00 to $10.00 in 2023, depending on the specific inflation calculator used. This reflects the decrease in purchasing power over time due to inflation.
What is the difference between a judgment and a like dislike statement?
A judgment is an evaluative statement that reflects a person's opinion or assessment about someone or something, often implying a moral or ethical stance. In contrast, a like/dislike statement simply expresses personal preference without necessarily carrying a value judgment. While a judgment may carry an implication of right or wrong, a like/dislike statement is more neutral and subjective. For example, saying "This movie is terrible" is a judgment, while "I didn't like this movie" is a like/dislike statement.
How can one calculate the real interest rate, taking into account inflation?
To calculate the real interest rate, subtract the inflation rate from the nominal interest rate. The real interest rate reflects the true purchasing power of the money invested or borrowed after adjusting for inflation.
How much is one dollar in 1860 worth today with inflation?
To determine the value of one dollar in 1860 adjusted for inflation, we can use historical inflation rates. One dollar in 1860 is roughly equivalent to about $30 to $35 today, depending on the specific inflation calculation method used. This significant increase reflects the cumulative impact of inflation over more than 160 years.
