Author Question: The New Deal programs of the 1930s aimed at (a) transforming American capitalism into a planned ... (Read 70 times)

OSWALD · **on:** Jun 30, 2018

The New Deal programs of the 1930s aimed at

(a) transforming American capitalism into a planned socialist economy.
(b) introducing short-term measures to cure the depression but no fundamental changes in the American economy.
(c) introducing measures to deal with the crises and cure the depression combined with measures to restructure important aspects of the economy and increase the role of government in it.
(d) reintroducing laissez-faire policies (non-government intervention) like those that had worked in the 19th century.

Question 2

Which of the following functions express the money multiplier (m) for the narrowly defined money stock (M1)?

a. m = Ms/(MB) = m(rrd)
b. m = Ms/(MB) = m(rrd, CU/D, ER/D)
c. m = Ms/(MB) = m(rrd + CU/D)
d. m = Ms/(MB) = m(rr/D, CU/D, RR/D)