What Event Was a Major Influence on the Development of Macroeconomics

question 46

Multiple Choice

What event was a major influence on the development of macroeconomics?

• A) the Great Depression
• B) Employment Act of 1946
• C) the establishment of the Federal Reserve System in the United States
• D) the U.S. entry into World War II

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Definitions:

Endorsement

Signature on the back of a check with the terms for accepting the check as payment.

Cashed

Processed or exchanged for its value in money, typically referring to a check being turned into cash.

Restrictive Endorsement

A limitation placed on a check specifying the conditions under which it can be endorsed.

Special Endorsement

A banking term referring to a notation on a check or other negotiable instrument that specifies the conditions under which it can be redeemed or transferred.