The terms of trade for the American farmer during the last part of the 19th century
a. were made worse by political unrest.
b. were caused by a decrease in the supply of agricultural products.
c. could be enhanced by mechanization.
d. worsened in part due to increased mechanization.
e. Both c and d are correct.
e. Both c and d are correct.
Economics
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Indicate whether the statement is true or false
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Exports minus imports equals:
(a) NX; (b) GDP; (c) Net exports; (d) a and c are correct.
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Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.
Economics