Between 1930 and 1933, many banks in the U.S. failed because:
a. the FDIC moved too slowly to prevent the bank failures
b. most bankers were either corrupt or incompetent.
c. of excessive regulation by the federal government.
d. people shifted their funds to take advantage of rising stock market prices.
e. people lost confidence in them.
e
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Fill in the blank(s) with the appropriate word(s).
If wages do not instantaneously adjust to reflect expected inflation that is based on an anticipated increase in the money supply,
A) the aggregate demand and positively sloped aggregate supply curve shift to the right at the same time. B) the positively sloping aggregate supply curve shifts to the left after the aggregate demand curve shifts to the right. C) the positively sloping aggregate supply curve shifts to the left before the aggregate demand curve shifts to the right. D) the positively sloping aggregate supply curve does not shift to the right at the same time as the aggregate demand curve shifts to the left.