During the 1920s, the united states economy moved through which phase of the business cycle?

answer: an oligarchy is a political system in which the government is run by a group of noble families, or the elite wealthy members of a society. a present day oligarchic government is iran.

explanation:

the correct answers are: 1) lay and collect taxes and duties; 2) pay debts; 5) borrow money;   6) regulate commerce with foreign nations.

article 1, section 8. refers to the powers of congress. according to the united states constitution: “the congress shall have the power to lay and collect taxes, duties, imposts, and excises, to pay the debts and provide for the common defense and general welfare of the united states.”