QUESTION 40 2 points Save Answ Congress passed the Glass-Steaall Act in the 1930

Question

QUESTION 40 2 points Save Answ Congress passed the Glass-Steaall Act in the 1930s to reduce the likelihood of a similar financial crisis but then decided to repeal key provisions of the Act in the 1990s True False QUESTION 41 2 points Save Answ In the Keynesian model, the larger the multiplier.. the larger the impact of changes in investment on output. O the smaller the impact of changes in investment on output the less time it will take for interest rates to adjust in the market for loanable funds O the more time it will take for interest rates to adjust in the market for loanable funds QUESTION 42 2 points Save Answe Which one of the following statements is TRUE? O Evidence has shown that the most effective way to promote development is to increase international aid Most multilateral support to developing countries comes in the form of loans that must be repaid. O The Washington Consensus policies suggest that countries use tariffs and other trade barriers to allow infant industries time to compete in world markets. O As a result of the Washington Consensus policies, economic growth rates among developing countries have increased dramatically QUESTION 43 2 points Save Answ The term "money" is used in economics in a very specific way. Which of these is NOT a correct use of this term from an economics perspective? O Money overcomes the "double coincidence of wants. Someone with a well-paying job on Wall Street "makes a lot of money O I don't trust banks, so my money is under my mattress How can you tell me that I don't have any money in my checking account when I still have checks left in my checkbook.

Explanation / Answer

Q. 40. Option 2. False
The Glass-Steagall Act was passed in 1933 in response to the failure of the banks following the Great Depression.

Q.41. Option a: Larger the multiplier the more would be changes in output

Q.42. Option b: Since grants have shown to be ineffective, most aid comes through loans

Q.43. Option c: In economics money keeps growing as the money under mattress is unaccounted money it may not be relevant in economics

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