Adjustable rate mortgages became increasingly attractive and grew as a percentage of total outstanding mortgages during 2002 to 2004 because
a. interest rates were kept artificially low during this period.
b. interest rates rose sharply during this period.
c. lending standards were tightened during this period.
d. housing prices declined during this period.
A
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The Consumer Price Index is calculated by the
A) Federal Reserve Bank of New York. B) Department of Commerce. C) Bureau of Labor Statistics. D) Department of Labor. E) Society for Consumer Protection.
Because of voter rational ignorance, the government might not produce the efficient quantity of a public good
Indicate whether the statement is true or false
Suppose we have the following information about a plumber: wages $30,000, repair sales $200,000, taxes $5,000, loan interest $15,000, plumbing materials $20,000. What is the contribution to GDP of this plumber using the product approach?
A) $200,000. B) $180,000. C) $50,000. D) $30,000.
Thomas Jefferson supported the Land Ordinances of 1785 and 1787
Indicate whether the statement is true or false