According to research by Richard Sylla and John James on western farm mortgage rates,
a. real rates were lower than rates charged to eastern manufacturers.
b. relatively high real rates were due to the monopoly power of eastern financiers.
c. relatively high rates reflected high lending risks associated with agricultural loans.
d. Farmers' nominal rates were high, but real rates were actually less than those charged for most loans.
c. relatively high rates reflected high lending risks associated with agricultural loans.
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When households have very low savings ________
A) investment decreases B) they are less able to cope with severe economic downturns C) bankruptcies increase D) all of the above E) none of the above
In the wake of Henry Ford's payment of efficiency wages in 1914 ________
A) absenteeism and productivity fell B) absenteeism and productivity rose C) absenteeism rose and productivity fell D) absenteeism fell and productivity rose
Are there key differences between an increase in the capital stock and an improvement in the level of technology?
If a firm's production process exhibits increasing returns to scale, then doubling all the firm's inputs will lead output to ________.
A. less than double. B. fall by one-half. C. more than double. D. double.