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
Which type of business organization is the most important part of U.S. history given its “super” economic powers? (a) Sole proprietorship (b) Partnership (c) “Mom and pop” business, which is a mix of sole proprietorships and partnerships (d) Corporation ANSWER (d)
Date: September 10th, 2020
Assuming an increase in money demand, then if the Federal Reserve a. can keep the interest rate unchanged assuming that it changes the monetary base by the appropriate amount. b. would have to aim below their previous money stock target. c. would not have to cut taxes to keep output from falling. d. All of […]
Date: September 10th, 2020
Which of the following statement(s) is true? (a) All state legislatures acted to create corporations. (b) The federal government created the federal incorporated entities when it established the First (1791–1811) and Second (1816–1836) Banks of the United States. (c) All federal, state and local governments possessed the right to create corporations. (d) All of the […]
Date: September 10th, 2020
According to Rosenberg (2004), the U.S. economy between the Civil War and World War II was relatively poor in which of its productive resources? (a) Land (b) Labor (c) Capital (d) Entrepreneurial talent ANSWER (b)
Date: September 10th, 2020
Which of the following statements is (are) correct? The Federal Reserve a. can, over the long run, roughly control the money supply by changing the monetary base to offset any undesirable changes in the money stock as a result of changes in currency holdings or excess reserve holdings. b. controls the money supply better in […]
Date: September 10th, 2020
