ECON2200 Exam 3 - Supreme Court vigorously enforced antitrust laws and effectively discouraged the growth of large firms F According to

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Econ2200 True/False Practice Questions T prior to and during WWI, data on American farmers indicates that their wealth and incomes both increased T When the Federal Reserves sells bonds, it is exercising contractionary monetary policy. T In the 1920s the Federal Reserve typically exercised monetary policy by changing the discount rate. F By 1900, the US banking was dominated by national banks with only a few state banks still in existence T In the late 19 th century, country banks reserves often supported call loans made by banks in large cities. F When Congress voted to adopt the Coinage Act in 1873, silver was over-valued at the mint F Western silver producers and Eastern bankers both supported “reflation” in the 1870s and 1880s. T Ceteris paribus, as the number of substitutes for Good X increases, the price elasticity of demand of Good X increases F Following the passage of the Clayton Act (1914), the Federal trade commission and the
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Unformatted text preview: Supreme Court vigorously enforced antitrust laws and effectively discouraged the growth of large firms. F According to Rockoff (1990), Populists wanted to replace the de facto gold standard with a de facto silver standard T Restrictions on interstate branch banking encouraged the growth of investment banking in the US T Between 1868-1874, the treasury followed a moderate policy that allowed prices to gradually fall as real output rose. F According to Rockoff’s interpretation of the Wizard of Oz, Emerald City represents New York City. T Leisure is a normal good T According to the QTM an increase in M can lead to an increase in P T Clearinghouse operated by the early Federal Reserve system increased efficiency in the US commercial banking sector...
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This note was uploaded on 09/13/2011 for the course ECON 2200 taught by Professor Moore during the Spring '07 term at University of Georgia Athens.

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ECON2200 Exam 3 - Supreme Court vigorously enforced antitrust laws and effectively discouraged the growth of large firms F According to

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