Why was the sixteenth amendment important to woodrow wilson’s efforts to regulate the economy? a) the sixteenth amendment lowered interest rates charged by banks. b) the sixteenth amendment allowed congress to levy an income tax c) the sixteenth amendment lowered tariffs on imported goods d) the sixteenth amendment allowed congress to break up monopolies

D) the sixteenth amendment allowed congress to break up monopolies

Explanation:

The Sixteenth Amendment to the Constitution of the United States (Amendment XVI) allows the United States Congress to tax an income tax without apportioning it among the states according to their population or based on the results of a census. This amendment excluded Income Tax from the constitutional requirements of direct taxes, after taxes on income, dividends and interest were qualified as direct taxes by the Supreme Court ruling in the Pollock case against Farmers' Loan & Trust Co. (1895). It was ratified in February 1913.

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the correct answer is d. the monetary reserve is a set of funds represented in currency, money or similar, saved as a forecast of possible needs or for legal reasons.

the increase or decrease in the monetary base influences in the increase or decrease of the inflation rate. therefore, the excess of monetary reserve will cause the reduction of inflation.