The terms of trade for the American farmer during the last part of the 19th century
a. were made worse by political unrest.
b. were caused by a decrease in the supply of agricultural products.
c. could be enhanced by mechanization.
d. worsened in part due to increased mechanization.
e. Both c and d are correct.
e. Both c and d are correct.
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Which of the following is not a usual consequence of inflation?
A) Income is redistributed among people. B) People are misled into supposing that their earnings have risen substantially. C) People believe that rising prices have made them worse off. D) The cost of living goes up for everyone. E) The value of money falls.
The sample size for a time series data set is the number of:
A. variables being measured. B. time periods over which we observe the variables of interest less the number of variables being measured. C. time periods over which we observe the variables of interest plus the number of variables being measured. D. time periods over which we observe the variables of interest.