Farmers who joined the Greenback Party in the late-19th century felt that
a. the government should make efforts to curb the inflation that the country was experiencing.
b. farm prices were too high in comparison to the overall price-level of the economy.
c. the government should own all transportation and communication facilities.
d. an increase in the money supply would benefit debtors.
d. an increase in the money supply would benefit debtors.
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How does specialization affect employment patterns?
(A) By making sure that each person produces the goods for which he or she has a comparative advantage. (B) By using the absolute advantage that many people have in production work. (C) By creating specialized work for a few people. (D) By changing job availability in a country or region.
When the price level falls, the ________ curve for nominal money ________, and interest rates ________, everything else held constant
A) demand; decreases; fall B) demand; increases; rise C) supply; increases; rise D) supply; decreases; fall