Which one of the following was a secondary effect of the stock market crash of 1929?
A) An increase in the money supply in the early 1930s.
B) A decline in consumption expenditures because of the reduction in the wealth of stockholders.
C) An increase in the supply of loanable funds as people transferred funds from the stock market into savings accounts.
D) An increase in tax revenues as the sellers of stocks paid the capital gains tax on stocks that had appreciated during the 1920s.
Correct Answer:
Verified
Q2: Fiscal policy analysis indicates that large tax
Q3: Which of the following was a result
Q4: Which of the following resulted from the
Q5: When the money supply declined by approximately
Q6: Based on the experience of the Great
Q7: During the Great Depression of 1929-1933,
A) the
Q8: Economic analysis indicates that the monetary policy
Q9: According to the data, was the stock-market
Q10: "The Great Depression was caused by the
Q11: During 1929-1933, monetary policy was
A) highly expansionary
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents