Between 1930 and 1933, many banks in the U.S. failed because:
a. the FDIC moved too slowly to prevent the bank failures
b. most bankers were either corrupt or incompetent.
c. of excessive regulation by the federal government.
d. people shifted their funds to take advantage of rising stock market prices.
e. people lost confidence in them.
e
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In Macroland there is $1,000,000 in currency that can either be held by the public as currency or deposited into banks. Banks' desired reserve/deposit ratio is 10%. If the public of Macroland decides to hold more currency, increasing the proportion they hold from 50% to 75%, the money supply in Macroland will ________.
A. increase. B. either increase or decrease. C. decrease. D. remain the same.
A "social planner" is a fictional societal planner who would always choose the same outcome as the competitive market.
Answer the following statement true (T) or false (F)
Americans, other than jewelers or rare coin collectors, were not allowed to own gold from the early 1930s until the
A) 1950s. B) 1960s. C) 1970s. D) 1980s.
Externalities are
a. side effects passed on to a party other than the buyers and sellers in the market. b. side effects of government intervention in markets. c. external forces that cause the price of a good to be higher than it otherwise would be. d. external forces that help establish equilibrium price.