A country would achieve faster growth by ________
A) encouraging free trade
B) increasing the cost of education
C) increasing union membership
D) taxing income and not consumption
A
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After continuing crises in 1993, the EMS countries
A) agreed to entirely abandon the system. B) stood firm, refusing to adjust central parities. C) narrowed the band of allowable fluctuations around central parities. D) removed France from its leading role in the system. E) widened the band of allowable fluctuations around central parities.
According to Walton and Rockoff, which of the following was the most important in bringing the banking crises of the 1930s to an end?
a. the elimination of many weak banks through bankruptcy (survival of the fittest) b. the promise of federal bank deposit insurance c. New Deal spending programs d. World War II