Author Question: Why did the money supply fall during the Great Depression? a. The monetary base fell throughout ... (Read 83 times)

ts19998 · **on:** Jun 30, 2018

Why did the money supply fall during the Great Depression?

a. The monetary base fell throughout the Great Depression.
b. The amount of currency fell during the Great Depression.
c. The ratio of currency/deposits fell during the Great Depression.
d. The money multipier rose during the Great Depression.
e. None of the above.

Question 2

Historians are in general agreement that

(a) railroads opened the country and were built at great risk ahead of demand, gambling on the future.
(b) railroads sharply cut down transportation costs, linking the country together in all directions
and spurring the nation's growth far in advance of anything that might otherwise have been achieved.
(c) railroads were the single innovation of the 19th century that created a great leap forward
in terms of American economic growth.
(d) none of the above are true.