Each of the following took place in the 1930s EXCEPT
A. the collapse of the entire international financial structure.
B. a drought that became known as the Dust Bowl wiped out millions of farmers.
C. all of the nation's banks were closed in the first week of March 1933.
D. the fulfillment of the promise: "two cars in every garage" and "a chicken in every pot".
D. the fulfillment of the promise: "two cars in every garage" and "a chicken in every pot".
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The monetary policy strategy that does NOT allow the policy to focus on domestic considerations is
A) exchange-rate targeting. B) monetary targeting. C) inflation targeting. D) the implicit nominal anchor.
How does an increase in interest rates affect net exports?
What will be an ideal response?
Elasticities are often lower in the short run than in the long run
a. True b. False Indicate whether the statement is true or false
An increase in the level of immigration into a nation would cause the:
A. long-run aggregate supply curve to shift to the right. B. short-run aggregate supply curve to shift to the left. C. long-run aggregate supply to remain fixed. D. long-run aggregate supply curve to shift to the left.