The gold standard probably made the Great Depression more severe in the United States because
A) the value of gold declined sharply during those years.
B) the existence of the gold standard kept prices from falling.
C) the money supply in the United States increased rapidly as gold flowed into the country.
D) the Fed attempted to reduce gold outflows by raising the discount rate.
D
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The formula for the tax multiplier is
A) (1 + b) / (1 - b). B) 1 / (1 - b). C) -b / (1 - b). D) b / (1 - b).
In the long run, the producer can change the entire plant size to produce a certain level of the output
a. True b. False Indicate whether the statement is true or false
At the equilibrium price, buyers have bought all they want to buy, but sellers have not sold all they want to sell
a. True b. False Indicate whether the statement is true or false
What were some of the key features in terms of fiscal policy of the Stability and Growth Pact signed in 1997 by would-be members of the Euro?
What will be an ideal response?