ECON2200 Exam 3 Notes 6

ECON2200 Exam 3 Notes 6 - ECON2200 Multiple Choice In the...

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ECON2200 Multiple Choice In the US after 1896, US EXPORTS EXCEEDED US IMPORTS. Rockoff argues that an increase in the monetary base might have been justified in the 1890s because REAL OUTPUT WAS FALLING According to Rockoff, Marcus Alonzo Hanna ADVISED JOURNALISTS DURING THE 1896 CAMPAIGN TO GO AND VISIT MCKINLEY ON HIS FRONT PORCH IN OHIO Rockoff notes that some economists believe that inflation might have adversely affected late 19 th century farmers in the US because IT WOULD ENCOURAGE FARMERS TO GO FURTHER INTO DEBT An increase in money supply causes 1) interest rates to decrease 2) investment spending to increase 3) consumption spending to increase 4) aggregate demand to increase In the early 1920s, the US experienced a short, but rather intense recession. This economic slump was partly fueled by INCREASES IN THE DISCOUNT RATE Ceteris paribus, a decrease in the aggregate demand curve causes UNEMPLOYMENT TO INCREASE Between 1923 and 1929, American (non-farm) labor benefited from all of the following:
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ECON2200 Exam 3 Notes 6 - ECON2200 Multiple Choice In the...

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