What Will Economists Today Likely State Should Have Been Done

question 108

Multiple Choice

What will economists today likely state should have been done to limit the severity of the Great Depression?

• A) The Fed should have done more to decrease the money supply at the onset.
• B) The Fed should have done more to decrease the inflation at the onset.
• C) The Fed should have reacted more quickly to decrease the money supply.
• D) The Fed should have waited longer before trying to raise the money supply.
• E) The Fed should have done more to offset the decline in the money supply at the onset.

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Definitions:

General Journal

A primary accounting record used to record all types of transactions and events in chronological order before they are posted to specific accounts.

Internal Control

Approaches and techniques employed by a business to protect the veracity of accounting and financial information, foster answerability, and inhibit dishonesty.

Cash Receipts

Money received by a business from transactions, including sales, loan proceeds, or other cash inflows.

Control Measures

Actions, mechanisms or policies implemented to regulate processes and diminish risks.