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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. Which of the following is not a New Deal program?
(a) public assistance
(b) unemployment insurance
(c) Great Society
(d) social security

2. According to Friedman, the former Soviet economy was based on:
(a) free markets
(b) none of the above
(c) voluntary cooperation
(d) command

3. According to Friedman, the way to cure inflation is to:
(a) reduce the rate of monetary growth
(b) force consumers to increase their savings
(c) limit the amount of goods and services available for sale
(d) promote spending policies

4. The union does all but the following for its members:
(a) represents them in a grievance hearing
(b) negotiates wages
(c) pays for their on-the-job meals
(d) negotiates terms of employment

5. A run on a bank occurs when depositors:
(a) depositors refuse loans
(b) try to withdraw their money in cash at the same time
(c) depositors refuse to deposit money
(d) the bank refuses to make loans

Short Answer Questions

1. The first thing Roosevelt did after his inauguration was to:

2. Kenneth B. Clark describes public school system as:

3. Before the formation of the ICC, the railroad industry experienced all but the following:

4. All but the following have resulted from centralization in schooling:

5. Friedman's view is that everyone who wants a higher education:

(see the answer key)

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