The Results of the Fed's Efforts to Help Member Banks

The results of the Fed's efforts to help member banks in 1931 illustrate the general principle that

A) any action the Fed takes with regard to commercial banks causes an inevitable reaction in the economy as a whole.
B) any action taken by the Fed to help member banks has a negative impact on the economy as a whole.
C) actions taken by the Fed have far less impact on the overall economy than was once believed.
D) keeping member banks solvent is, in the long run, the single best way to stimulate a sluggish economy.
E) the nation's monetary system should be tied to the gold standard.