ECON2200 Exam 3 Notes 4 - level. T If the level of...

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Econ2200 True/False Practice Questions F Under the Bland-Alison and Sherman Silver Purchase Acts, the Treasury made limited purchases of silver at the US mint price. T The goals of monetary expansion and inflation that were advocated by followers of William Jennings Bryan were ultimately accomplished because of the increased supplies of gold. F According to Rockoff, Populists wanted to replace the defacto gold standard with the defacto silver standard. F During the 1920s, President Calvin Coolidge pushed the Federal Trade Commission to increase enforcement of the Sherman Antitrust Act and to carefully monitor mergers and acquisitions. T In the 1920s, federal courts allowed firms to obtain injunctions against union strikes, pickets, and boycotts. F Between 1923 and 1929, the US unemployment rate was less than the cyclical unemployment rate. T In the early 1920s, the price of US farm products fell more rapidly than the overall price
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Unformatted text preview: level. T If the level of investment equals the replacement rate, an economy’s productive capacity will not change. T If investors are rational, the price of a stock will equal the discounted value of expected future dividends. F According to Eugene White, the speculative bubble of the late 1920s resulted for misleading corporate reports that overstated firms’ earnings. F Cliometric research indicates that an increased supply of loans caused the 1920s bull market. T Hoarding of gold in the early 1930s led to decreases in banks’ reserves. T Following the stock market crash in October 1929, the share prices of many stocks remained above levels reached in 1926. F The “fed funds rate” is the interest rate that the Federal Reserve charges commercial banks for loans....
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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 Notes 4 - level. T If the level of...

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