Prior to the financial crisis and recession which began in 2007, credit for mortgages was ________, creating a ________
A) unavailable to low-income borrowers; large demand for rental properties
B) virtually unavailable; housing bubble
C) only available to borrowers with high credit scores; shortage of affordable housing
D) easily obtained; housing boom
D
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If supply and demand both increase, the new equilibrium price will be ________ and the new equilibrium quantity will be ________.
A. uncertain; higher B. higher; higher C. lower; lower D. lower; uncertain
What is the difference between an autonomous change in spending and an induced change in spending?
What will be an ideal response?
What problems with health care did President Obama attempt to address with the health insurance reform bill he signed in 2010, the Affordable Care Act, and how were those problems addressed?
What will be an ideal response?
A share of stock is best defined as a
A. fixed-income security. B. share of ownership in a company. C. nontransferable loan backed by real estate. D. transferable loan backed by the assets of the company.