{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

ECON2200 Exam 3 Notes 10

ECON2200 Exam 3 Notes 10 - were significantly higher than...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ2200 True/False Practice Questions T Between 1896-1900, increases in US exports led to an increase in the domestic supply of gold. T President Grover Cleveland was a “sound money” Democrat T Under the Bland-Alison and Sherman Silver Purchase Acts, the Treasury made limited purchases of silver at the market price. T In the late 19 th century, high-powered money included gold coins, silver coins, and national bank notes. F The marginal product of labor tends to decrease when firms replace older plants with newer, more “high-tech” plants. T Between 1923 and 1929, the US unemployment rate was largely determined by frictional and structural factors F Research by economic historians shows that large cities in the northern US led the way in establishing high schools. F A “yellow dog contract” is when a firm hires a private security company to monitor and disrupt union activities. T During the Great Depression, unemployment rates for African Americans living in cities
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: were significantly higher than the overall US unemployment rate. T Historical data show that recessions inevitably follow stock market crashes. F Cliometric research indicates that between 1922-1929, the supply of call loans increased more rapidly than the demand for call loans. T Compared to an investor who makes a cash purchase of stock, a margin investor’s rate of return will be greater if the price of stocks rises. F The demand for farm products is price elastic, while the supply of farm products is price inelastic. F The Federal Reserve did nothing to help failing rural banks in the 1920s, but the Fed finally began to act as a lender of last resort when the Bank of the US experienced a bank run in late 1930s. T Hoarding of gold in the early 1930s led to decreases in bank reserves. T The Coinage Act of 1873 omitted the silver dollar from the list of coins to be minted...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern