The Great Depression ended in the United States when
a. the New Deal reforms were initiated by President Roosevelt.
b. deficit spending ended in 1937.
c. the United States returned to the gold standard in 1940.
d. the United States began to mobilize for war in the early 1940s.
e. the German economy suffered hyperinflation in the 1920s.
d
You might also like to view...
In the basic two-period model,
A) credit markets have frictions. B) the government borrows at a lower interest rate than do consumers. C) some consumers will always default on their debts. D) consumers do not default on their debts.
The vertical long-run Phillips curve
a. indicates the permanent unemployment rate b. indicates the unemployment rate at the optimal level of GDP c. is only one of several vertical curves that together are called interest rate targets d. indicates the economy's natural rate of unemployment e. is more socially desirable than a horizontal Phillips curve would be