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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.
- Spring '07
- Monetary Policy