In the Last Part of the 1800's

question 10

Multiple Choice

In the last part of the 1800's

• A)deflation made it harder for farmers to pay off their debt.
• B)deflation made it easier for farmers to pay off their debt.
• C)inflation made it harder for farmers to pay off their debt.
• D)inflation made it easier for farmers to pay off their debt.

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Definitions:

Disposable Incomes

The financial sum available for households to spend and put aside for savings after income tax reductions.

Productivity Growth

An improvement in production effectiveness, characterized by the quantity of goods and services generated per unit of labor, capital, or other resources.

Liquid Assets

Assets that can be quickly converted into cash with little to no loss in value.

Credit Available

The amount of credit that a financial institution extends to a client, which the client has not yet used.