Farm prices fell sharply in 1919–21 . Then, until 1929, the farm “te
Farm prices fell sharply in 1919–21 . Then, until 1929, the farm “terms of trade” (the movement of farm prices relative to the movement of non-farm prices)
(a) collapsed by more than half.
(b) remained essentially unchanged.
(c) actually rose.
(d) collapsed, but only slightly.
ANSWER
(c)
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