Prior to the recession of 2007-2009,
A. non-revolving debt was rising rapidly but revolving debt was not.
B. both revolving and non-revolving debt were rising rapidly.
C. neither revolving nor non-revolving debt were rising rapidly.
D. revolving debt was rising rapidly but non-revolving debt was not.
Answer: B
You might also like to view...
Who benefits from a tariff on a good?
A) domestic consumers of the good B) foreign governments C) domestic producers of the good D) foreign producers of the good
What is the timeline for the U.S. federal budget each year? When does a fiscal year begin and end?
What will be an ideal response?
According to the classical dichotomy, which of the following is not influenced by monetary factors?
a. unemployment b. the price level c. nominal interest rates d. All of the above are correct.
Which is a teenager most likely to have demand for?
a. new sports car b. luxury condominium b. athletic shoes d. building blocks