Which of the following statements correctly characterizes farm incomes in the second half of the 19th century?
a. Real per capita income fell.
b. The rate of growth in real income per worker was negative.
c. Nominal per capita income fell, but real per capita income remained unchanged.
d. Growth rates in per capita income were positive, but small.
d. Growth rates in per capita income were positive, but small.
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A survey recently indicated that being happy at work tends to make workers more productive. What can be a possible error of this conclusion?
What will be an ideal response?
Many economists believe the Fed was in large part responsible for bringing about the Great Moderation, gaining more credibility as it transitioned away from ________ and more towards ________
A) fiscal policy; monetary policy B) discretionary policy; a rules policy C) monetary rules; discretionary rules D) targeting inflation; targeting unemployment
Additions to the nation's capital stock are brought about through
A) the current account surplus. B) investment. C) investment and the current account surplus. D) investment and the government budget surplus.
If the Federal Reserve wished to engage in contractionary monetary policy, it could
A. purchase government debt. B. raise the federal funds rate target. C. lower the reserve ratio. D. lower the primary credit rate.