The Economist Whose Writings in the 1930s Argued That the Cause

question 99

Multiple Choice

The economist whose writings in the 1930s argued that the cause of an economic depression is inadequate spending was:

• A) Herbert Hoover.
• B) John Maynard Keynes.
• C) Andrew Mellon.
• D) Joseph Schumpeter.

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Definitions:

Yield To Maturity

The total return anticipated on a bond if it is held until its expiration date.

Par Value

The nominal face value of a bond or stock as stated by the issuer, often used to determine interest payments.

Interest Rates

Interest rates are the cost of borrowing money expressed as a percentage of the total amount loaned, influencing economic activity by affecting spending and saving behaviors.

Premium

The amount paid for an insurance policy, or the extra cost for financial instruments or securities about their nominal or face value.