1. Select one of the statements below (a-c), state whether you agree or disagree, and defend your position using terminology you have learned from your economics course. There are no right or wrong answers; there are only defended and undefended positions!
a. The federal government should not continue to give stimulus checks to individuals because the government is essentially printing money to fund those payments, which increases inflation and jeopardizes the entire economy.
b. When the value of the American dollar increases with respect to other countries’ currency, most American companies and individuals will benefit.
c. When banks lend money to low-income individuals, they should offer them lower- not higher- interest rates, because the lessee will have a better chance of repaying the loan with the lower rates.