103. As noted by Christoff-Kurapovna, the abandonment of the gold standard was t
ID: 1125828 • Letter: 1
Question
103. As noted by Christoff-Kurapovna, the abandonment of the gold standard was the result of the: a. Treaty of Versailles. b. gold exchange pact. c. Bretton Woods agreement. d. Angel of Verdun Accords. e. Rio conference. 104. According to Murphy, whether you agree with the Austrian argument or the Friedman theory, you are agreeing that the Great Depression: a. was caused by the Federal Reserve. b. occurred despite the policies of the Fed. c. was caused by corrupt political processes. d. would have been averted if Presidents Hoover and Roosevelt had worked harder to keep wages from falling. e. would have been worse if we didn’t have the Federal Reserve. 105. To say that the Fed is run by Keynesians means that they: a. believe in using tax cuts to stimulate the economy. b. believe in using government spending to stimulate the economy. c. believe that economic recovery is driven by the demand side. d. believe that economic recovery is driven by the supply side. e. Both A and B of the above. 106. Which of the following is not true about Bear Stearns? a. In their last year in business their stock price peaked at about $65. b. The Federal Reserve lent them $13 billion for a three day period. c. J. P. Morgan ended up taking over Bear Stearns. d. Existing stockholders in Bear would only get $10 per share from J. P. Morgan. e. In their last year in business, Bear lost billions on subprime mortgages.
Explanation / Answer
Question 103). Answer :- Option c). Bretton Woods agreement.
Question 104). Answer :- Option d). would have been averted if Presidents Hoover and Roosevelt had worked harder to keep wages from falling.
Question 105). Answer :- Option e). Both A and B of the above.
Question 106). Answer :- Option a). In their last year in business their stock price peaked at about $65.
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