If the government sets out to make home buying easier for more people by forcing lenders to accept ____________ down payments and ______________ interest rates, the result will likely be a(n) _______________ in housing prices
A) lower; lower; increase
B) higher; higher; increase
C) lower; higher; decrease
D) higher; lower; decrease
A
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Which of the following statements is true?
A) Economics is concerned with money, not choices. B) Economics can be used to predict people's actions. C) Economics does not provide insights into human behavior. D) Economic reasoning tends to reduce the quality of decision making.
A hamburger costs $1.79 in New York and €2.54 in Paris. If the exchange rate is $0.93 per euro, what price difference exists in terms of the European currency?
a. The hamburger sells for €0.13 less in New York. b. The hamburger sells for €0.13 more in New York. c. The hamburger sells for €0.62 less in Paris. d. The hamburger sells for €0.62 more in Paris. e. The hamburger sells for the same price in both cities.
Describe how the use of leverage affects the impact of bank investments
One area of disagreement among economists is the impact that income tax cuts will have on a budget deficit. Explain in detail the reasoning of both sides of this argument