Question
Franklin Roosevelt became the US president in 1933.In the period after he became the president: Which of the following statements is correct regarding the years
Franklin Roosevelt became the US president in 1933.In the period after he became the president:
Which of the following statements is correct regarding the years immediately after Roosevelt became the US president?
A change in the expectations of consumers of their future earnings, as a result of the New Deal, would have contributed to an expansion in the economy's aggregate demand.
The value of the US dollar increased as the result of the abandonment of the gold standard and allowed the nominal interest rate to be cut to close to zero.
The real interest rate rose after 1933.
Fiscal contraction from the increased government deficit would have contributed to the economy escaping from the Depression.
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