Which of the following did not happen during the onset of the Great Depression?
a. The money supply fell as households took money out of bank deposits.
b. The Fed conducted expansionary monetary policy.
c. Stock prices fell about 90 percent.
d. Disruption of the banking system made it difficult for some firms to obtain funds for investment.
b
Economics
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Although asset price bubbles seem obvious after the fact, it is much more difficult to draw such a conclusion before the fact
a. True b. False Indicate whether the statement is true or false
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Total output equals total income
a. only at equilibrium. b. always. c. only at non-equilibrium levels of income. d. never.
Economics