the fed's low short-term interest rate policy of 2002-2004 encouraged decision makers to
What will be an ideal response?
borrow more and increase their purchasing of housing
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In an economic system with privately owned, profit-maximizing banks, there will always be a difference between
a. private profits and social profits. b. bank profits and other corporate profits. c. bank profits and macroeconomic objectives. d. bank profits and government profits.
Society as a whole likely benefits from a decrease in poverty because:
A. if there are fewer people in poverty, the incentive to commit crimes falls. B. increased assistance to those in poverty raises their incentives to work. C. social programs to help the poor are a small portion of the U.S. government budget. D. if there are fewer families in poverty, there will be less demand for childcare.
Refer to Table 9-6. New loans made in Stage 1($C) amount to
A) $100. B) $200. C) $600. D) $800.
Refer to the information provided in Table 22.2 below to answer the question(s) that follow.
Table 22.2
Refer to Table 22.2. The total number of people unemployed is
A. 13 million. B. 15 million. C. 17 million. D. 20 million.