The Clayton Act was passed in
a. 1887
b. 1890
c. 1914
d. 1936
e. 1952
C
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How were open market operations conducted prior to 1935?
A) They were carried out by the Federal Open Market Committee. B) They were carried out under the direction of the Secretary of the Treasury. C) They were carried out by the district Federal Reserve banks. D) They were carried out by the Banking Committee of the House of Representatives.
The largest in-kind transfer received by the poor households in the U.S. is:
a. Old-Age, Survivors, and Disability Insurance. b. the Head Start special education program for poor children. c. Medicaid, which provides long-term medical care for the poor. d. the food stamp program, which distributes food coupons to poor households. e. Temporary Assistance for Needy Families.
Which of the following does NOT explain why there are so many disagreements among economists?
A. In some cases, the controversy is aggravated by political agendas. B. In some cases, individuals may stand to gain from policy changes. C. In some cases, economists have simply not investigated the issue at hand. D. In some cases, there aren't enough data to answer the question.
(Last Word) Which of the following explanations argues that the Great Recession resulted from asset-price bubbles caused by euphoria and debt-fueled speculation?
A. Minsky explanation. B. Austrian explanation. C. Stimulus explanation. D. Structural explanation.