A fall in which of the following would increase the money multiplier? a. The monetary base b. A change in M1 c. The level of Federal Reserve open market purchases d. An increase in the currency to checkable deposit ratio e. All of the above ANSWER D
Date: September 10th, 2020
As a result of the case of Dartmouth College v Woodward (1819), the Federal Trade Commission was formed years later in 1914. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Railroads had advantages over canals in all respects except (a) year-around service. (b) speed of delivery. (c) full access to shipping points. (d) there is no “except”; all of the above were advantages of railroads. ANSWER (d)
Date: September 10th, 2020
Contrary to many researchers’ views, Hurst (1969) claims the government needed private investors to fund internal improvements. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Even though government-operated firms do not have to make a profit, they usually operate efficiently. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
The Sherman Antitrust Act of 1890 was followed almost immediately in the 1890s by the largest merger movement ever known by Americans up to that point in U.S. history. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
In the United States there were legal reserve requirements on time and savings deposits during most of the post-World War II period. Therefore, the money multiplier for the M1 definition was a. smaller when time and saving deposits increased. b. smaller when time and saving deposits were assumed to be fixed. c. larger when time […]
Date: September 10th, 2020
Research in history and economic history shows that before 1880, significant federal participation in the markets of the American economy occurred. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
As the transportation system developed in the U.S., urbanization occurred. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
In the pivotal Supreme Court decision Munn v Illinois (1877), the court held that only natural monopolies were subject to federal government regulation. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
