Over the two decades leading up the 2008 crisis, __________ interest rates meant that consumers could take on _____ debt without significantly increasing the amount of debt service they had to pay.

A. falling; more
B. rising; more
C. falling; less
D. rising; less


A. falling; more

Economics

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The idea of interchangeable parts, which was an important aspect of the American System of Manufacturing, is attributed by Hughes and Cain (2011) to

(a) Henry Ford, who used it in the production of automobiles. (b) Adam Smith, who suggested it in his book The Wealth of Nations. (c) Thomas Jefferson, who used it in his "nailery" on his plantation. (d) Eli Whitney, who used it in the production of guns.

Economics

Macroeconomics deals with

A) aggregates within the economy. B) specific sectors within the economy. C) the retail industry only. D) decisions made by firms.

Economics

What is the future value of $750 one year from today if the interest rate is 2.5 percent?

a. $766.50 b. $768.75 c. $770.23 d. None of the above are correct to the nearest cent.

Economics

Use the following table to answer the next question.YearReal GDPPopulation2008$20,000200200940,000400201060,000400201170,000500In 2009, real GDP per capita equals ________.

A. $20,000 B. $100 C. $1,000 D. $2,000

Economics