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A Monetary History of the United States: Quiz


Question 1: [1] and was cited with approval in a 2004 speech by ________, as "transform[ing] the debate about the Great Depression".
N. Gregory MankiwJoseph StiglitzLawrence SummersBen Bernanke

Question 2: It presents what was then a contrarian view of the role of monetary policy in the ________.
Federal Reserve SystemGreat DepressionUnited StatesRepublican Party (United States)

Question 3: The book criticizes the ________ for not keeping the supply of money steady, and not acting as lender of last resort – thus allowing commercial banks to fail and allowing the economic depression to deepen.
Oklahoma CityFederal Reserve BankDenverNashville, Tennessee

Question 4: economy from the Civil War ________ to the middle of the 20th century.
History of the United StatesUnited StatesHistory of the United States (1865–1918)Reconstruction era of the United States

Question 5: According to Bernanke, (who is the current chairman of the ________), Friedman and Schwartz identified four main policy mistakes made by the Federal Reserve that led to a sharp and undesirable decline in the money supply:[2]
Great DepressionUnited States dollarFederal Reserve SystemCentral bank

Question 6: The Monetary History was lauded as one of the most influential economics books of the twentieth century by the ________ book forum in 2003.
Anarcho-capitalismFusionism (politics)Friedrich von HayekCato Institute

Question 7: Previously, the consensus of economists was that loss of investor and consumer confidence following the Wall Street Crash of 1929 were the primary causes of the ________.
Federal Reserve SystemRepublican Party (United States)Great DepressionUnited States


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