MIDTERM

HISTORY SECOND TERM 2015

2. FRENCH EXPORTS GREW FAST DURING THE SECOND HALF OF THE 1920S THANKS TO
c) The sterilisation of the increase in gold reserves provoked by French trade surplus

3. IT CAN BE CONSIDERED THAT THERE IS HYPERINFLATION WHEN
b) inflation alters patterns of demand

4. ONCE THE PRIORITIES FOR THE EUROPEAN GOVERNMENTS AFTER THE WWII WAS
c) unemployment

5. ONE OF THE REASONS OF THE ACCUMULATION OF CAPITALS OF CAPITALS IN THE NEW YORK STOCK
MARKET BEFORE THE CRASH OF 1929 WAS:
a) The channeling towards the stock market of small savings that traditionally were not invested there
b) the increase in industrial profits that could not fins a productive use

6. DUE TO OVERVALUATION OF THE BRITISH STERLING POUND WHEN THE GOLD STANDARD SYSTEM
WAS RESTORED,
c) the United Kingdom was forced to implement a deflationary policy

7. THE ADVANTAGE OF THE M-FORM WITH RESPECT TO THE U-FORM IS THAT
b) it facilitated the diversification process

8. ONE OF THE CAUSES OF THE INDUSTRIAL RECESSION IN THE USA DURING THE LATE 1920S WAS
b) a tendency to excess of capitalisation

9. ACCORDING TO KEYNESIAN ECONOMIC THEORY
b) expectations are one of the determinants of the level of income

10. THE STRATEGIES OF DIVERSIFICATION DURING THE 1920S IN THE USUA WERE MOTIVATED BY
c) a reduction in demand

11. THE CRASH OF THE NEW YORK STOCK MARKET IN 1929 LED TO A GENERAL BANKRUPTCY OF THE
BANKING SYSTEM BECAUSE
b) a liquidity run took place, which led to the bankruptcy of banks that had been using risky practices and
the ones who had not

12. DURING THE 50S AND THE 60S THE CHANGE IN THE ROLE OF THE STATE MATERIALISED MAINLY IN
a) the implementation of policies of management of demand

13. IN EUROPE, THE COUNTRIES MORE AFFECTED BY THE GREAT DEPRESSION WERE
b) those with more capital dependency

14. WITH THE DOLLAR-GOLD STANDARD SYSTEM
a) the USA could maintain trade deficits systematically

15. DURING THE GERMAN HYPERINFLATION
a) money lost its functions

16. ONE OF THE CAUSES OF THE DELAY IN THE DIFFUSION OF THE M-FORM IN EUROPE WAS
a) the protectionist measures implemented by the European governments

17. THE REESTABLISHMENT OF THE PREWAR PARITY OF THE BRITISH STERLING POUND PROVOKED
a) a loss of competitiveness of British firm

18. ACCORDING TO THE GENERAL THEORY BY J.M. KEYNES
a) the distributive magnitudes (wages and profits) are exogenous

19. COUNTRIES STARTED THE PROCESS OF ECONOMIC RECOVERY AFTER THE GREAT DEPRESSION WHEN
THEY
b) abandoned the Gold Standard system

20. IN THE BRETTON WOODS CONFERENCE
a) the appropriate conditions to restore open economic relations were created

21. ACCORDING TO SOME KEYNESIAN AUTHORS, ONE OF THE CAUSES OF THE GREAT DEPRESSION WAS
c) an increasing inequality in income distribution