Countries that abandoned the gold standard early in the Great Depression suffered an average decline in production of 3 percent between 1929 and 1934
Countries that stayed on the gold standard until 1933 or later suffered an average decline in production of
A) 12 percent. B) 18 percent. C) 24 percent. D) > 30 percent.
D
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Why might a police officer not pull over someone speeding two miles over the speed limit?
A) The explicit costs of stopping the driver over are too high. B) The opportunity costs of stopping the driver are too high. C) The opportunity costs of topping he driver are too low. D) The explicit costs of stopping the driver are too low.
The value of fiat money is fundamentally determined by the: a. reputation of the bank that holds it
b. reputation of the person who holds it. c. value of the gold or silver for which it can be redeemed. d. value of the commodities for which it can be traded. e. value of comparable stocks and bonds.
If an asset has a future value of $120, a present value of $30, and an interest rate of 4%, how many periods of compounding are there?
A) 45 periods B) 35 periods C) 28 periods D) 100 periods
The Federal Reserve's surveys of bank loan officers can help the Fed determine whether:
A. a drop in the quantity of loans granted resulted from fewer applications or a tightening of credit standards. B. an increase in the quantity of new loans was due to a decrease in supply or an increase in demand. C. climbing interest-rate spreads are the result of more borrowers or fewer loans being granted. D. an increase in the quantity of loans granted resulted from fewer applications or a tightening of credit standards.