In 1898, prospectors on the Klondike River discovered gold. This discovery caused an unexpected price level
a. decrease that benefited creditors at the expense of debtors.
b. decrease that benefited debtors at the expense of creditors.
c. increase that benefited creditors at the expense of debtors.
d. increase that benefited debtors at the expense of creditors.
d
Economics
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Initially, the creation of railroads was opposed in some countries because:
A) it was likely to increase poverty. B) it was likely to increase the cost of trade. C) it was likely to provide more power to monarchs and rulers. D) it was likely to initiate creative destruction.
Economics
What are the effects of a minimum wage set below the equilibrium wage?
What will be an ideal response?
Economics