Franklin D. Roosevelt’s nationwide “Bank Holiday” in March 1933 merely finished the job started by the governors of the states, who were already closing down the banking systems. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Inflation leads to bracket creep, which forces taxpayers to pay a larger percentage of their income in taxes, when (a) Changes in the real purchasing power of their income do not keep pace with inflation. (b) Changes in the real purchasing power of their income keep pace with inflation. (c) Income tax codes change quickly […]
Date: September 10th, 2020
What does a study of immigration figures before 1921 indicate? (a) An overwhelming majority of immigrants came from the British Isles. (b) Voluntary immigrations slowed as 1921 approached. (c) The diversification of immigrants increased since the colonial period of U.S. history. (d) It is not possible to link immigration patterns and growth in the U.S. […]
Date: September 10th, 2020
According to Simon Kuznet’s (1958) research, the pattern of immigration in 1865–1914 (a) showed long swings but not the short-term business cycle fluctuations. (b) showed no long swings in the 1820–1860 period, but did show the business cycle. (c) showed both business cycle patterns and long swing patterns. (d) unlike 1820–1860, showed neither short cycles […]
Date: September 10th, 2020
The U.S. economy remains subject to frequent boom and bust cycles. Throughout U.S. history, policymakers after the Great Depression often (a) raise or lower taxes and spending to adjust aggregate demand and thereby smooth the business cycle. (b) take a hands-off approach to the business cycle. (c) consult with world organizations on how to address […]
Date: September 10th, 2020
The U.S. Supreme Court ruled that the tax on food processors in the 1933 Agricultural Adjustment Act (AAA) was unconstitutional. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Labor market regulations in European Union countries a. do not contain limitations on plant closing but do have provisions for mandatory severance pay that may discourage firms from expanding employment. b. include limitations on plant closing but have no provisions for mandatory severance pay that may discourage firms from expanding employment. c. neither entail limitations […]
Date: September 10th, 2020
Under perfect capital mobility and flexible exchange rates, monetary policy works through the a. interest rate. b. exchange rate. c. exports. d. Both b and c e. None of the above ANSWER B
Date: September 10th, 2020
In the Mundell-Fleming model, regardless of whether the economy has perfect capital mobility or not, an increase in the money supply a. reduces interest rates . b. increases income. c. decreases the trade balance. d. increases capital inflows. ANSWER B
Date: September 10th, 2020
Between Independence and the Civil War, American population growth was (a) steady and constant. (b) rapid but wildly unstable. (c) positive and rapid. (d) heavily concentrated in the settlement in Western lands. ANSWER (c)
Date: September 10th, 2020
