The reforms, acts and programs that emerged during the New Deal were dissolved quickly at the end of the Great Depression. On this front, the New Deal command economy was similar to the World War I command economy. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Under perfect capital mobility, fiscal policy has the largest impact on the income under: a. fixed exchange rates. b. floating exchange rates. c. dollarization. d. a currency union. ANSWER A
Date: September 10th, 2020
By the end of the 19th century, bituminous coal still was the largest single source of mineral energy used in this country, despite the enormous increase in oil production and refining. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Traditionally, laws of incorporation have been predominantly privileges of the states. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The U.S. has a system of private property rights that encourages productive uses of its resources even in the presence of some government influence. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
The rate of adjustment between the long run and short run Phillips curve will be determined by a. the rate of adjustment of price expectations. b. the rate of money growth. c. the level of wage flexibility in labor markets. d. both a and c. e. all of the above. ANSWER D
Date: September 10th, 2020
Many researchers blame the severity and length of the Great Depression on the breadth and depth of government interference in private market affairs. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
By 1913, the dominant method of making basic steel was the open-hearth furnace. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
From 1860 to 1910, U.S. mobility between social classes and occupations (a) distracted immigrants. (b) increased the potential migrant’s opportunity cost of staying in Europe. (c) attracted immigrants to the U.S. (d) decreased foreign investment in the U.S. ANSWER (b)
Date: September 10th, 2020
Under perfect capital mobility, monetary policy has the largest impact on the income under: a. floating exchange rates. b. fixed exchange rates. c. dollarization. d. a currency union. ANSWER A
Date: September 10th, 2020
