1. In discussing the Fed policy during the Great Depression Ben Bernanke stated that the Fed:...

1. In discussing the Fed policy during the Great Depression Ben Bernanke stated that the Fed:

a. failed on the monetary side but succeeded on the financial stability side.

b. succeeded both with maintaining stable monetary policy and enhancing financial stability.

c. succeeded on the monetary side but failed on the financial stability side.

d. failed on both the monetary side and the financial stability side.

2.

In the latter part of the nineteenth century (late 1800's) the U.S. money supply was growing more slowly than the economy and this:

a. caused deflation which helped farmers.

b .caused deflation which hurt farmers.

c. caused inflation which hurt farmers.

d. caused inflation which helped farmers.

e. was because the U.S. was not on the gold standard at the time.

3.

Normally, a central bank in a country on the gold standard holds very little gold, and this was true of the Bank of England up until 1931.

a.True

b. False

Expert Solution

Rahul Sunny answered 1 year ago

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