Which of the following actions did Congress take in the 1930s, in an effort to prevent future financial crises like the stock market crash of 1929?
A. Glass-Steagall Banking Act
B. Bubble Act
C. Formation of the CBO (Congressional Budget Office)
D. Hastings Banking Act
Answer: A
You might also like to view...
The substitution effect of a wage decrease examines the effect of the decrease in wage income on a worker's ability to consume goods and services
Indicate whether the statement is true or false
A borrower and a lender agree on a mortgage interest rate. If inflation turns out to be less than expected
A) the actual real interest rate will exceed the expected real interest rate. B) the actual real interest rate will be less than the expected real interest rate. C) the actual nominal interest rate will be higher than expected. D) the actual nominal interest rate will be less than expected.
Countries with a high level of bureaucratic inefficiency tend to have low rates of real GDP growth because
A) of complications that keep capital goods from flowing to their most efficient use. B) of poor accounting practices when determining real GDP. C) of poor management skill development in companies. D) they facilitate capital goods development.
Collusion:
A. rarely occurs in reality. B. never occurs in reality. C. has not occurred in the last hundred years or so, due to government policy outlawing it. D. is a common problem in reality.