Britain's departure from the gold standard in September 1931 ____ bank closures in the United States because ____
a. decreased, the British decided to invest their gold in the U.S
b. increased, anyone who wanted gold had to withdraw it from U.S. banks
c. decreased, Britain could now follow expansionary monetary policies at home
d. increased, people realized that the United States was about to "bail out" Britain with large loans
b. increased, anyone who wanted gold had to withdraw it from U.S. banks.
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Refer to the figure above. If Lithasia opens up to free trade, then which of the following statements is true?
A) The domestic production of pens in Lithasia will increase. B) The domestic price of pens will increase. C) Lithasia will start exporting pens. D) Lithasia will start importing pens.
In 2004, hurricanes damaged a large portion of Florida's orange crop. As a result of this, many orange growers were not able to supply fruit to the market
If, following the hurricane, the price remained at its pre-hurricane level, we would expect to see A) a surplus of oranges. B) a shortage of oranges. C) an increase in the demand for oranges. D) the quantity demanded equal to the quantity supplied.
Prior to financial deregulation, the store of value and medium of exchange functions of money were maintained separate among asset classes because the regulatory agencies
A) precluded the payment of interest by checking accounts. B) allowed the payment of interest by checking accounts. C) specifically prohibited money market stock funds. D) allowed the payment of interest on passbook savings accounts.
The process of deregulating the airlines was initiated in the late 1970s by
a. Ronald Reagan b. George Bush c. Jimmy Carter d. Paul Volcker e. Lyndon Johnson