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
Commercialization, market growth and factories emerged in rural areas. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
If the Federal Reserve simultaneously sells government bonds in the open market and raises reserve requirements, the a. money supply will increase. b. money supply will decrease. c. money supply will stay the same. d. two tools will work against one another and the net effect on the money supply is uncertain. ANSWER B
Date: September 10th, 2020
According to Fishlow’s (1972) work, the U.S. railroads before the Civil War were typically built “ahead of demand” by private capital. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Which of the following will lower the money multiplier? a. An increase in the currency/checkable deposit ratio b. A decrease in the excess reserve/checkable deposit ratio c. A decrease in the required reserve/checkable deposit ratio d. Either a or b e. All of the above ANSWER A
Date: September 10th, 2020
If the reserve requirement decreases from 20% to 25% and the currency to deposit ratio increases from 10% to 15% then a. the money multiplier and the money supply rises. b. the money multiplier and the money supply stays the same. c. the money multiplier and the money supply falls. d. the money multiplier rose […]
Date: September 10th, 2020
The Gallatin Plan (1808) was not passed because some individuals questioned its constitutionality. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
In the U.S., the most recognized entrepreneurs during industrialization were (a) clearly monopolists. (b) robber barons, who solely realized the concentrated wealth accumulated nation-wide. (c) individuals whose market power clearly originated from within the government. (d) key individuals who were famous or wealthy. ANSWER (d)
Date: September 10th, 2020
