Which of the following did NOT significantly exacerbate the banking crisis of the early 1930s?
A) the Fed's decision not to make loans to insolvent banks
B) the large number of small, poorly diversified banks
C) the large number of rural banks that held agricultural loans during a time of falling commodity prices
D) the large amount of fraud carried out by bank managers
D
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Final goods and services are ________ production and ________ counted in GDP.
A. the end products of; are not B. the end products of; are C. used up in the process of; are not D. used up in the process of; are
Monetary policy is primarily exercised by:
a. Congress. b. the President. c. the Federal Reserve. d. the Treasury Department.
For most firms in the economy, the largest part of factor costs is the cost of
a. labor. b. capital. c. property and machinery. d. land and natural resources.
A free training and skill-building workshop conducted by an NGO increases the productivity of the labor force of a particular locality. Which of the following correctly describes the impact of the workshop on the labor market? a. The labor supply curve becomes vertical. b. The equilibrium wage rate declines
c. The labor demand curve shifts to the right. d. The labor supply curve shifts to the left.