Author Question: The Proclamation of 1763 and the Quebec Act of 1774 benefited existing farmers with large land ... (Read 96 times)

CORALGRILL2014 · **on:** Jun 30, 2018

The Proclamation of 1763 and the Quebec Act of 1774 benefited existing farmers with large land holdings because these laws led to
a. decreased farming competition.
b. falling land prices.
c. lower taxes on farm land.
d. increased supplies of western farm land.
e. All of the above.

Question 2

Which of the following most accurately describes the Fisher effect?
a. Interest rates increase after inflation and decrease after deflation, but with a long lag.
b. Interest rates are independent of inflation and deflation.
c. Interest rates increase after inflation, but are not affected by deflation.
d. Increasing interest rates precede inflation and decreasing interest rates precede deflation.

choc0chan · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

a. decreased farming competition.

Answer to Question 2

a. Interest rates increase after inflation and decrease after deflation, but with a long lag.