The Stock Market Crash of 1929 probably contributed ____ to the Great Depression because _____
a. little, it did no more than wipe out the speculative gains made earlier.
b. little, the Fed responded by increasing the money supply.
c. a good deal, corporations could no longer raise investment funds.
d. a good deal, consumer confidence and spending on durables were reduced.
d. a good deal, consumer confidence and spending on durables were reduced.
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A pumped storage reservoir used regularly by an electrical utility is efficient for the utility to operate
A) even if it takes twice as much electricity to operate as it generates. B) only if it generates more electricity in the long run than it uses u
According to the text, paper money probably first evolved from
A) the Federal Reserve. B) the early American savings and loan institutions. C) goldsmiths. D) the Bank of England.
Which of the following are not considered part of government purchases?
A) a tank purchased by the federal government B) teachers' salaries paid by a local government C) a bridge purchased by the state government D) welfare benefits
The demand for goods and services decreases with a rise in employment and income
Indicate whether the statement is true or false