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13 short multiple choice/true or false i need help with in the next 30 minutes pleasse!!! 1: The 1920's economy was a decade in the

13 short multiple choice/true or false i need help with in the next 30 minutes pleasse!!!

1: The 1920's economy was a decade in the technological innovation in

durable goods.

information systems.

transportation.

processed foods.

2: True or false: The stock market began to peak and then fall in 1929 because investors realized that the stocks were overvalued.

Group of answer choices

True

False

3:The main monetary reason why the Great Depression occurred was because

Group of answer choices

people lacked collateral to get loans.

of the default of Fractional Reserve Loans.

real interest rates fell.

banks decided to hold less reserves.

4:The classical model focuses on

Group of answer choices

increasing government spending

a shifting of the aggregate supply curve.

a shifting of the aggregate demand curve.

both the shifting of the aggregate demand curve and aggregate supply curve.

5:True or false: The aggregate supply curve can shift to the right more quickly than the aggregate demand curve can shift to the right.

Group of answer choices

True

False

6:To fight a depression, Keynes said that the government should

Group of answer choices

raise taxes.

do nothing.

increase government expenditures.

reduce government expenditures so that more money is freed up in the private sector.

7:According to classical macroeconomic theory,

Group of answer choices

desired investment typically exceeds desired saving.

demand creates its own supply.

flexible prices, wages, and interest rates assure full-employment equilibrium.

aggregate supply automatically adjusts to shifts in aggregate demand.

8:The classical macroeconomic model argues that the economy has built-in forces that automatically eliminate unemployment and quickly move the economy to its full employment level of real GDP. Which assumption is critical to this argument?

Group of answer choices

Flexible wages and prices

Rigid wages and prices

Profit motive

None of the choices are correct.

Natural rate of unemployment

9:True or false: The Keynesian model and the Classical model both assume that boom and bust cycles can happen.

Group of answer choices

True

False

10:True or false: One tool of fiscal policy is the Federal Reserve increasing the money supply.

Group of answer choices

True

False

11:True or false: Balloon housing loans were a New Deal idea to help consumers buy homes.

Group of answer choices

True

False

12:True or false: In 1939, unemployment was still very high because of a government effort to keep wages and prices the same or higher.

Group of answer choices

True

False

13:True or false: The FDIC was established to discipline banks if they were badly managed.

Group of answer choices

True

False

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