ECON2200 Exam 3 Notes - F Research by Goldin and Katz...

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

View Full Document Right Arrow Icon
Econ2200 True/False Practice Questions T Supreme Court’s decision in the Addyston Pipe and Steel case provided an incentive for firms to merge. T Restrictions on interstate branch banking encouraged the growth of investment banking in the US F In the late 19-century, city banks often deposited a portion of their reserves in rural “country” bank. T The clearinghouse operated by the early Federal Reserve system increased efficiency in the US commercial banking sector F In the 1870s, the US operated on a de facto silver standard. F A “yellow dog contract” is an agreement between a firm and a private security company that monitors and disrupts union activities. T According to Rockoff (1990) In the 1900 election William Jennings Bryan abandoned the free silver movement and advocated anti-imperialist foreign policy. F Most modern economists believe that the Great Depression was an inevitable follow-up to the economic “boom” of the 1920s
Background image of page 1

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

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: F Research by Goldin and Katz (2000) indicates that cities in the Northeast established the first public high schools in the U.S. F National currency associations were groups of large banks that were required by Congress to insure the deposits of smaller banks in the same region. T For most of the late 19 th century, the US operated on a de facto gold standard. F When Congress voted to adopt the Coinage Act in 1973, silver was over-valued at the mint. T Between 1896 and 1929, the US employment rate was largely determined by frictional and structural factors F Ceteris paribus, a decrease in aggregate demand causes real output to decrease and price level to increase. F During the Civil War, US imports and exports decreased F Under the Bland-Allison Act (1878), the US treasury was directed to make limited, monthly purchases of silver at the mint ratio of 16:1...
View Full Document

Page1 / 2

ECON2200 Exam 3 Notes - F Research by Goldin and Katz...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online