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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 9, The Cure for Inflation.

Multiple Choice Questions

1. At the time the book was written, how many workers belonged to unions?
(a) one in two
(b) one in three
(c) one in five
(d) one in four

2. The Environmental Protection Agency was formed in:
(a) 1972
(b) 1975
(c) 1966
(d) 1970

3. What problems have there been with unions?
(a) fraud
(b) salaries lag the non-union sector
(c) misuse and misappropriation of funds
(d) not enough members

4. What action did the Fed take after England abandoned the gold standard?
(a) lowered the discount rate
(b) raised the discount rate
(c) suspended open market operations
(d) began hoarding gold

5. The programs of the Roosevelt administration designed to deal with the Depression are called the:
(a) financial assistance programs
(b) balanced budget programs
(c) New Deal programs
(d) laissez-faire programs

Short Answer Questions

1. Horace Mann is known as all but the following:

2. Black Thursday, October 24, 1929, refers to the:

3. Which of the following is not a problem experienced by the British National Health Service?

4. Which of the following is not a way of rationing high paying jobs:

5. Inflation results when:

(see the answer key)

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