The Federal Reserve banks could probably have prevented many of the bank failures in the early 1930s by:
a. raising the reserve requirement of the commercial banks
b. lending money to the commercial banks.
c. improving the system whereby checks are cleared.
d. helping to create a commission of experts to engage in a prolonged study of the problem.
e. selling large amounts of government bonds.
b
You might also like to view...
Since the mid-1970s, the average U.S. tariff rate is
A) less than 5 percent. B) between 6 percent and 15 percent. C) between 16 percent and 25 percent. D) between 26 percent and 35 percent. E) larger than 36 percent.
In recent years, the amount of international trade in which the United States engages has increased. Which of the following accurately describes the effect(s) on labor demanded by firms in the United States?
a. The demand for both skilled and unskilled labor has increased. b. The demand for both skilled and unskilled labor has decreased. c. The demand for skilled labor relative to unskilled labor has risen. d. The demand for unskilled labor relative to skilled labor has risen.
As a resource becomes more scarce, we expect its price to
A. rise. B. fall. C. remain constant. D. fluctuate wildly.
Consider the market for capital equipment. Suppose the market price of firms' output decreases. Holding all else constant, the equilibrium quantity of capital equipment will
a. increase. b. decrease. c. not change. d. It is not possible to determine what will happen to the equilibrium quantity of capital equipment.