asked 152k views
4 votes
Farmers favored inflation because it would

a. increase crop prices.
b. lower the price of manufactured goods.
c. lower the cost of farm machinery.
d. increase their debt.

asked
User Cirrus
by
6.9k points

2 Answers

3 votes

Answer:

The answer would be A.

Step-by-step explanation:

answered
User Ronak Shetiya
by
8.1k points
7 votes
d- inflation would not increase the farmers debt, but (unless the debt is adjusted for inflation) the debt would decrease - this is not a correct answer.

Inflation is the decrease of the value of money (but the value of objects and services stays the same - it increases with the respect to the value of the money. Because of this neither the manufactured goods nor the farm machinery would be cheaper- but the increase of crop prizes would take place (so answer a), and that's why farmers favour it.
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.