Milton Friedman and Anna Schwartz Traced the Recession of 1937-1938

question 74

Multiple Choice

Milton Friedman and Anna Schwartz traced the recession of 1937-1938 to

• A)the monetary contraction resulting from the Fed's increase in the required reserve ratio.
• B)the monetary contraction resulting from a wave of bank failures.
• C)the effects of World War II on the demand for U.S. exports.
• D)the increased foreign exchange value of the dollar.

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Definitions:

Systematically Scanned Pictures

Images obtained and processed in an organized manner for analysis or record-keeping.

Eye Movements

Motions of the eye that are essential for receiving visual input, tracking moving objects, and aiding in perception.

Metamemory

The ability to think about one’s memory processes.

Memory Organization

The way in which memories are stored and connected in the brain, allowing for efficient recall and use of information.