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
False
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What does the slope of the curved line at point A shown in the above figure equal?
What will be an ideal response?
Which of the following tests is used to compare the Ordinary Least Squares (OLS) estimates and the Weighted Least Squares (WLS) estimates?
A. The White test B. The Hausman test C. The Durbin-Watson test D. The Breusch-Godfrey test
Whirlpool Corporation buys steel in sheets to manufacture refrigerators. Whirlpool also buys a new factory and a metal press to mold the steel. Which purchases are included in GDP?
A. The steel B. The steel, the factory, and the metal press C. The factory and the metal press D. The steel and the metal press
If the Fed increases the required reserve ratio, how will this affect excess reserves and the money supply?
A. Both will increase. B. Excess reserves increase and the money supply decreases. C. Both will decrease. D. Excess reserves decrease and the money supply increases.