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ECON2200 Exam 3 Notes 3

ECON2200 Exam 3 Notes 3 - T Between 1868 and 1874 the...

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Econ2200 True/False Practice Questions F Modern commercial banks typically prefer to take out short-term loans through the Federal Reserve’s discount window, rather than by borrowing from each other. T Today, the federal reserve typically exercises monetary policy by conducting open market operations. T A US construction boom between 1920 and 1925 caused investment spending (I) to increase. T When Congress voted to adopt the Coinage Act in 1873, gold was over-valued at the mint. F Western silver producers and Eastern bankers both supported “reflation” in the 1870s and 1880s T Between 1896 and 1900, increases in US exports led to an increase in the domestic supply of gold. F Data show that velocity (v) remained constant throughout the late 1800s
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Unformatted text preview: T Between 1868 and 1874, the Treasury followed a moderate policy that allowed prices to gradually fall as output rose. F During the 1920s, President Calvin Coolidge pushed the FTC to increase enforcement of the Sherman Antitrust Act and to carefully monitor mergers and acquisitions. __ In the 1920s, increases in human capital led to increases in earnings for non-farm labor. __ After WWI, unskilled workers in the US were concerned that their wages would fall because of an increase in the supply of European immigrant labor. __ Under the Bland-Allison Act, the US treasury was directed to make limited, monthly purchases of silver at the mint ratio of 16:1....
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