Author Question: Research in history and economic history shows that before 1880, (a) there was some government ... (Read 77 times)

Capo · **on:** Jun 30, 2018

Research in history and economic history shows that before 1880,

(a) there was some government intervention in the private sector of the American economy.
(b) there was substantial federal regulation of private business organization but little influence
in the economy otherwise.
(c) the regulation and participation that existed were usually of a background nature and were not concerned with the details of day-to-day private business.
(d) laissez faire was the rule so far as the federal government was concerned.

Question 2

An increase in the required reserve ratio will lead to a/an:

a. increase in the monetary base.
b. increase in the money multiplier.
c. increase in the money supply.
d. both b and c.
e. both a and c.