During the period shown in Table 10.4, what happened to the wealth of people holding hordes of
Question:
During the period shown in Table 10.4, what happened to the wealth of people holding hordes of silver?
TABLE 10.4
Asset __________________ Change in Value, 1991 – 2001
Stock ………………………………………. +250%
Diamonds ……………………………………..+71
Oil ……………………………………………......+66
Housing …………………………………….....+56
U.S. farmiand …………………………..…..+49
Average price of goods.....................+32
Sliver ……………………………………….….. +22
Bonds …………………………………………. +20
Stamps ………………………………………….. -9
Gold …………………………………………..... -29
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According to the information provided in the table the nominal price of silver increased by 2...View the full answer
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