Which of the following contributed to the severity of the Great Depression?
a. the substantial budget surpluses run during the Hoover administration
b. a sharp increase in tariff rates in 1930
c. the large reduction in tax rates under the Hoover administration
d. a highly expansionary monetary policy followed by the Fed in the late 1920s and early 1930s
B
Economics
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Explain how a specific tax equal to the marginal harm of pollution can increase or decrease total welfare in a monopoly market
What will be an ideal response?
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Which of the following costs of inflation can be significant even if actual inflation and expected inflation are the same?
a. menu costs b. inflation tax c. shoeleather costs d. All of the above are correct.
Economics