The Great Depression was made more severe because
A) the government lowered tariffs against imported goods.
B) the Federal Reserve increased the money supply after the stock market crashed.
C) depositors made runs on banks, thereby destroying the banking system in large parts of the nation.
D) depositors left their money in banks instead of increasing spending, which would have increased GDP.
C
You might also like to view...
If a customer deposits $1,000 cash into her checking account, the bank's
a. assets rise by $1,000 and liabilities fall by $1,000. b. assets fall by $1,000 and liabilities rise by $1,000. c. assets and liabilities both fall by $1,000. d. assets and liabilities both rise by $1,000. e. profits rise by $1,000.
Colorado experiences a record snowfall during the winter season. What impact will this have on the market for snowmobiles?
a. The supply of snowmobiles will increase and the price of snowmobiles will fall. b. The demand curve for snowmobiles will decrease and the price of snowmobiles will fall. c. The supply of snowmobiles will increase and the price of snowmobiles will increase. d. The demand curve for snowmobiles will increase and the price of snowmobiles will rise.
Clean air is an example of a public good.
Answer the following statement true (T) or false (F)
Consider two individuals, Ozzy and Sharon, who produce toy boats and yoyos. Ozzy's and Sharon's hourly productivity are as follows:
Yoyos /hour Toy boats /hour Ozzy 12 4 Sharon 10 5 Who has the absolute advantage or comparative advantage in the production of yoyos or boats?