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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...
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- Spring '07
- Great Depression, President Grover Cleveland, True/False Practice Questions