Refer to the article “The Value of Money” in your Money, Money, Money magazine for a complete version of this text. Based on the information in the “Deflation” section of the article, what is the relationship between deflationary periods and consumer spending?

A. If employment increases, people have more money to spend.

B. People tend to purchase more when they believe they are saving money.

C. When the cost of goods and services goes down, consumers buy more.

D. People hold on to their money, waiting for prices to drop even further.

A

Explanation:

1. read the following excerpt from franklin d. roosevelt's "fireside chat 19":

on the other side of the picture, we must learn also to know that guerilla warfare against the germans in, let us say serbia or norway, us; that a successful russian offensive against the germans us; and that british successes on land or sea in any part of the world strengthen our hands.

remember always that germany and italy, regardless of any formal declaration of war, consider themselves at war with the united states at this moment just as much as they consider themselves at war with britain or russia. and germany puts all the other republics of the americas into the same category of enemies. the people of our sister republics of this hemisphere can be honored by that fact.  

the true goal we seek is far above and beyond the ugly field of battle. when we resort to force, as now we must, we are determined that this force shall be directed toward ultimate good as well as against immediate evil. we americans are not destroyers — we are builders.

analyze the effectiveness of this excerpt. how does it function within the speech as a whole? how does the structure of the excerpt to convey the speech's purpose and key points? support your argument with evidence from the speech. (10 points)