The Fed's Mistakes of the Early 1930s Were Compounded by Its

question 22

Multiple Choice

The Fed's mistakes of the early 1930s were compounded by its decision to

• A)raise reserve requirements in 1936-1937.
• B)lower reserve requirements in 1936-1937.
• C)raise the monetary base in 1936-1937.
• D)lower the monetary base in 1936-1937.

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Definitions:

Criticisms

Evaluations or judgments expressed about something, often focusing on perceived faults or mistakes.

Social Category

A grouping of people who share a common characteristic or attribute but do not necessarily interact or identify with one another.

Example

A representative case used to illustrate or explain a rule, situation, or principle.

In-groups

Social groups to which an individual feels they belong and with which they identify, fostering a sense of loyalty and us-versus-them dynamics with out-groups.