Question
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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