During the years prior to the Great Depression (the 1920s), farmers were
(a) experiencing an increase in the value of farm output.
(b) enjoying rising incomes and prosperity in spite of interest charges and taxes on real estate.
(c) experiencing stagnant incomes.
(d) experiencing declining incomes and hard times.
(d)
Economics
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Suppose the desired reserve ratio is 10 percent. If Urban Bank has total deposits of $1000 and total assets of $10,000, the amount of desired reserves is
A) $9,000. B) $900. C) $100. D) $1,000. E) $1,100.
Economics
If the government runs a deficit, which of the following will be true?
a. T > G - TR b. T < G - TR c. T > G + TR d. T < G + TR
Economics