Anna Schwatz and Milton Friedman have argued that the Great Depression was caused by   a.  the fall in the stock of money.   b.  the fall in consumer durable spending.   c.  the fall in investment spending.    d.  the increase in nominal wages.

The “gang system” is an example of   a.  specialization and division of labor.   b.  diminishing marginal product.   c.  the envelope theorem.   d.  Gresham’s law.

Anna Schwatz and Milton Friedman have argued that the Great Depression was caused by   a.  the fall in the stock of money.   b.  the fall in consumer durable spending.   c.  the fall in investment spending.    d.  the increase in nominal wages.

The GI Bill is often credited for its   a.  universal health insurance.   b.  unemployment compensation program.   c.  impact on the rapid growth of higher education after World War II.   d.  high efficiency and lean bureaucracy.

. In the early 1980s, many people found themselves unable to purchase new homes because of   a.  rising prices and interest rates.   b.  rising prices and falling interest rates.   c.  new government restrictions on mortgages for first-time buyers.   d.  increases in income tax rates.

. In the early 1980s, many people found themselves unable to purchase new homes because of   a.  rising prices and interest rates.   b.  rising prices and falling interest rates.   c.  new government restrictions on mortgages for first-time buyers.   d.  increases in income tax rates.

A _________ is an agreement under which stockholders of several formerly-competing companies turn over their shares to a group that exercises voting control over the companies.   a.  trust   b.  gentleman’s agreement   c.  holding company   d.  pooling arrangement

What most accurately describes the implementation of the New Deal?   a.  It was implemented in two phases over the course of about eight years.    b.  Its major reforms were implemented in the first 100 days of Franklin Roosevelt’s Presidency.   c.  The first elements of the New Deal that were implemented were the most politically liberal.   d.  Most of the reforms were temporary and were phased out by World War II. 

Different political and cultural histories probably made immigrants’ assimilation into the American labor force   a.  more enjoyable.   b.  much easier.   c.  just as hard as for rural white Americans.   d.  more difficult.

With the adoption of the U.S. Constitution in 1787,   a.  importation of slaves was made illegal.   b.  importation of slaves was allowed, but only for the next 20 years.   c.  importation of slaves from the Caribbean was prohibited, but importation of African slaves was allowed.   d.  importation of slaves was allowed only on federally-approved vessels that met minimum crew sizes.