Which of the following variables that affect the money stock are outside the direct control of the Federal Reserve? a. Currency/deposit ratio b. Excess reserve/deposit ratio c. Required reserve/deposit ratio d. The speed of the money creation process. e. Both a and b ANSWER E
Date: September 10th, 2020
Productivity, or output per labor hour, rises as transportation costs fall. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The real purpose of the Webb-Pomerene Act of 1918 was to alter the terms of trade in favor of the United States. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
If the money supply is $200 million, the reserve requirement is 20%, and currency holding $10 million, then reserves are a. $10 million. b. $40 million. c. $30 million. d. $40 million. e. none of the above ANSWER C
Date: September 10th, 2020
During the antebellum period, factories grew, in part, due to internal economies of scale. Indicate whether the statement is true or false ANSWER TRUE
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
