What was one of the immediate effects of enfranchising women?

Public health spending increased

How do you feel about taking the third exam?

Fine, Kinda nervous, Please don't make me, Piece of cake

Why were Sit-ins so effective?

Sit-ins forced businesses to lose customers or integrate, Sit-ins were widespread, Sit-ins were consistent

Which of the following is FALSE?

JP Morgan saved America by rescuing both banks

Which of the following was NOT a reason why the Gold Standard was good?

Allowed easy response to financial crises

Why is deflation bad?

It increases the real value of debt & reduces investment

What is a real shock?

Thanos performing "the snap," cutting the population in half

Why didn't the Federal Reserve take action when the economy was in a deep recession?

They believed in the wrong economic models

How do you feel about taking the third exam now?

Bring it on!, I'm feeling a solid A, I'm ready!, I got this in the bag

Which of the following, if true, would challenge the model of labor supply?

Income effect > substitution effect = person works more

What was NOT a goal of the Bank Holiday of 1933?

Let banks ease people's minds by making public statements

Is President Obama Keynesian?

Yes, he believes in the economic equation: Y=C+I+G+NX

What was the primary cause of the Great Depression?

The Fed's resistance to counteract monetary-policy shocks

How did the FDIC affect monetary shocks?

It largely eliminated bank runs

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Fall 2021 MGT 3050 Exam 3 Quiz

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Review questions for Exam 3

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Questions 21

Answers

1
What was one of the immediate effects of enfranchising women?
Women participated in local meetings less
Child mortality increased
Black Widow was included in the LFPR
Public health spending increased
2
Considering the Fisher Equation, which of the following is true?
Inflation makes debt cost more
Debtors want inflation
Deflation makes the burden of debt smaller
Debtors want deflation
3
How do you feel about taking the third exam?
Fine
Kinda nervous
Please don't make me
Piece of cake
4
Which reason best describes the long run growth of female labor force participation?
Women wanted to protest the rampant discrimination of today
GIRL POWER
Women's increased education
Women had valuable experience from working during the war
5
Wages between blacks and whites were similar until what happened?
Poll taxes made it harder for blacks to vote
Less voting led to less educational resources for blacks
Literacy tests made it harder for blacks to vote
All of the above
6
Which of the following is an example of insolvency?
The Knickerbocker Trust Company in 1907
All of the above
Hela shattering Mjolnir
The Whomping Willow destroying the Nimbus 2000
7
Describe a bank with enough assets to cover liabilities, but can't convert the assets to cash quickly?
Illiquid
Shorting Stock
Insolvent
Reserve Requirement
8
Desegregation and the Voting Rights Act of 1965 did NOT lead to:
More public funds to black populations
Higher infant mortality rates
More black elected officials
Higher black voter registration
9
Why were Sit-ins so effective?
Sit-ins forced businesses to lose customers or integrate
Sit-ins used economics to pressure businesses
Sit-ins were widespread
Sit-ins were consistent
10
Which of the following is FALSE?
Heinze failed when trying to corner the copper market
The Trust Company of New York was illiquid
JP Morgan helped The Trust Company of New York, but not Knickerbocker
JP Morgan saved America by rescuing both banks
11
Which of the following was NOT a reason why the Gold Standard was good?
Allowed easy response to financial crises
Showed other countries the U.S. took its finances seriously
Induced lower inter-country interest rates
Kept inflation more stable
12
Which of the following best describes how the Federal Reserve affects the economy?
By announcing what they want the Federal Funds Rate to be
The Fed can't control the economy…
By announcing what the state of the economy will be
By adjusting the money supply
13
Why is deflation bad?
It makes prices go up
It makes North Korea happy
It prevents balloons with π from popping
It increases the real value of debt & reduces investment
14
What is a real shock?
Thanos performing "the snap," cutting the population in half
Printing too much money, causing hyperinflation
Leaving the gold standard
The stock market crashing
15
Why didn't the Federal Reserve take action when the economy was in a deep recession?
It wasn't their responsibility to take action
They didn't want to offend anyone
They believed in the wrong economic models
They were worried about getting re-elected
16
How do you feel about taking the third exam now?
Bring it on!
I'm feeling a solid A
I'm ready!
I got this in the bag
17
Which of the following, if true, would challenge the model of labor supply?
People work until their leisure is more important to them
Income effect > substitution effect = person works more
Consumption takes money, leisure takes time
Substitution effect > income effect = person works more
18
What was NOT a goal of the Bank Holiday of 1933?
Let banks ease people's minds by making public statements
Prevent people from pulling their money out of the banks
Get everyone to calm down
Provide the government time to get banks to stop failing
19
Is President Obama Keynesian?
No, he is from Hawaii
Please don't pronounce the K-word "keh-nee-jan"
Yes, he believes in the economic equation: Y=C+I+G+NX
IDK, lots of people say he was born outside the USA
20
What was the primary cause of the Great Depression?
Banks failing and people hoarding cash
The Fed's resistance to counteract monetary-policy shocks
Great Britain leaving the gold standard; gold left the US
Margin purchases causing the stock market to crash
21
How did the FDIC affect monetary shocks?
It prevented future stock market crashes
It largely eliminated bank runs
It got the US off the gold standard
It made the Federal Reserve apolitical

Fall 2021 MGT 3050 Exam 3 Quiz Flashcards | StudBud