The rise in agricultural discontent in the late 19th century can be best explained by
a. the rise of railroad cartels in the Midwest.
b. the rise of global market forces not easily observed by the farmers.
c. a decline in the value of agricultural exports from 1870 to 1900.
d. predatory lending by banks, resulting in increased farm repossessions.
b. the rise of global market forces not easily observed by the farmers.
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A) decreases the demand for; increases the demand for B) increases the demand for; decreases the demand for C) decreases the supply of; increases the supply of D) increases the supply of; decreases the supply of
In the classical model, an increase in saving is assumed to increase
a. the demand for loanable funds, which decreases interest rates. b. the supply of loanable funds, which decreases interest rates. c. both the demand for money and loanable funds, which reduces interest rates. d. neither the demand for money nor bonds, leaving interest rates unchanged.