The Royal Proclamation of 1763 and the Quebec Act of 1774 had all ...

[kfurse]

The Royal Proclamation of 1763 and the Quebec Act of 1774 had all of the following effects except:
 a. increased the price of farm labor
  b. increased the price of farm land
  c. decreased competition for existing farmers
  d. encouraged Scotch, Irish and German immigrants to rebel against England

Question 2

In accordance with the Fisher effect,
 a. farmers with mortgages could benefit from inflation.
  b. higher rates of inflation could trigger higher interest rates for mortgages.
  c. if silver inflation was expected, farmers could command lower interest rates when renewing a mortgage.
  d. All of the above are correct.
  e. Only a and b are correct.

[mrphibs]

Answer to Question 1

a. increased the price of farm labor

Answer to Question 2

e. Only a and b are correct.