Monthly payments on "negative-amortization" mortgages typically increase over the life of the mortgage.
Answer the following statement true (T) or false (F)
True
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During the recession of 2001,
a. there were a number of proposals for tax increases or spending cuts to stir the economy, but they failed due to worries about their effects on the already large deficit. b. a series of tax cuts were passed, though they only occurred in late 2001. c. all the proposed tax and spending cuts were approved in order to motivate the economy and reduce the large deficit. d. the cyclical deficit increased but the structural deficit remained unchanged. e. None of the above
The most numerous form of business organization in the United States is
a. the partnership b. the multinational c. the corporation d. the sole proprietorship e. none; all business organizations are equally numerous
Setting the prime rate of interest is an example of
A. price leadership. B. cutthroat competition. C. covert collusion. D. strong competition.
A drought that decreases Russian wheat production will
A. shift the supply curve of US corn to the right. B. shift the supply curve of US corn to the left. C. shift the demand curve for US corn to the right. D. shift the demand curve for US corn to the left.