Which of the following did NOT happen during the late 19th century in the U.S.?
a. Falling crop prices reduced farmers' incomes
b. From 1880 to 1896, the price level fell by 23 percent
c. Farmers lobbied for government policies to reduce inflation
d. Farmers had reduced ability to pay off debts
c
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When policy makers decide to devalue the currency, such an action generally represents
A) a decision to let the currency float. B) an increase in the pegged value of the domestic currency. C) a reduction in the foreign price level. D) a reduction in the domestic price level. E) none of the above
Other things equal, who of the following would not tend to earn more? a. Someone in a riskier or more unpleasant job, rather than a safer or more pleasant job. b. Someone in a job that requires a graduate degree rather than an undergraduate degree. c. Someone who works longer hours, rather than shorter hours
d. All of the above would tend to earn more.