The Number of Bank Failures in the Period of 1933-79

question 107

True/False

The number of bank failures in the period of 1933-79 was less than the number of failures from 1980-1989.

---

Definitions:

Quantity of Output

The total amount of goods or services produced by a company, sector, or economy within a specific period.

Price Level

The overall average price of all goods and services currently made in the economy.

Classical Theory

A school of thought in economics that emphasizes free markets, competition, and the minimal involvement of government in the economy.

Supply of Savings

The total amount of savings that individuals and institutions are willing to provide at different interest rate levels.