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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- Spring '07
- Monetary Policy, Federal Reserve System, Open market operations