During the early years of the Great Depression, the monetary base and M2:
A. moved in opposite directions; the monetary base increased but M2 decreased.
B. both decreased significantly.
C. both increased significantly.
D. moved in opposite directions; M2 increased while the monetary base decreased.
Answer: A
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Changes in market prices tend to
A) change the plans of suppliers. B) change the plans of demanders. C) change the plans of suppliers and demanders. D) have no predictable effect on anybody's plans.
In a situation of free trade
a. countries with comparative advantage will export more than countries with comparative disadvantage import. b. the total quantity of an item exported will be greater than the total quantity imported. c. importing countries will always produce some good, so that total quantity imported is less than total quantity exported. d. the total quantity of an item exported will equal the total quantity imported.