During the years prior to the Great Depression (the 1920s), farmers were
(a) experiencing an increase in the value of farm output.
(b) enjoying rising incomes and prosperity in spite of interest charges and taxes on real estate.
(c) experiencing stagnant incomes.
(d) experiencing declining incomes and hard times.
(d)
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Many rapidly developing countries in East Asia have pursued government policies, which encourage savings. According to the neoclassical growth model, if these policies stimulate savings but do not encourage technology growth, then these policies
a. will have no effect on the level of output. b. will increase output growth permanently. c. will increase output growth in the short-run, but not in the long-run. d. will have no effect on the growth of output in the short-run or the long-run. e. none of the above.
Restructuring in Texas went more smoothly than restructuring in California
Indicate whether the statement is true or false
Which of the following events could cause an increase in the supply of ceiling fans?
a. The number of sellers of ceiling fans increases. b. There is an increase in the price of air conditioners, and consumers regard air conditioners and ceiling fans as substitutes. c. There is an increase in the price of the motor that powers ceiling fans. d. All of the above are correct.
A decrease in interest rates by the Fed based on a given and unchanged policy reaction function represents a ________ the aggregate demand curve, and lower interest rates resulting from a downward shift in the Fed's policy reaction function represents a ________ the aggregate demand curve.
A. movement down; shift right of B. shift left of; movement up C. shift left of; shift right of D. movement up; movement down