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
During the Great Depression, the money supply fell 28%. During that same time, the monetary base ____ and the currency-to-deposit ratio and reserve-to-deposit ratios both _____. a. rose; fell b. rose; rose c. fell; rose d. fell; fell ANSWER B
Date: September 10th, 2020
Most canals were economic failures. Indicate whether the statement is true or false ANSWER TRUE
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
Throughout U.S. history labor and physical capital have been (a) input substitutes and complements. (b) output substitutes and complements. (c) product displacements. (d) mixed outputs. ANSWER (a)
Date: September 10th, 2020
Which of the following would be an asset on a consolidated balance sheet for a commercial bank? a. Checkable deposits b. Time and savings deposits c. Reserves held on deposit at the Federal Reserve d. Borrowing from the Federal Reserve ANSWER C
Date: September 10th, 2020
