When people became less concerned with the underlying value of their houses and instead focused on the expectations of the prices of their houses increasing, ________ occurred
A) an automatic destabilizer B) a housing bubble
C) a supply shock D) stagflation
B
You might also like to view...
Producers' surplus is the difference between the price __________ receive for a good and the __________ price for which they would have __________ the good
A) sellers; maximum; sold B) buyers; maximum; bought C) sellers; minimum; sold D) buyers; minimum; bought
If the stock market crashes, investment will fall.
Answer the following statement true (T) or false (F)
The Solo Coal Mine is the only employer in the small town of Way out there. The market supply of coal miners is Qs = 0.02W - 200, where W is the annual wage of a coal miner and Q is the number of people who would accept employment as a coal miner. What is the coal mine's marginal expenditure when it hires 150 coal miners?
A. $17,500 B. $30,500 C. $10,000 D. $25,000
When final sales are larger than GDP,
a. inventories did not change. b. a net increase in inventories took place. c. a net decrease in inventories took place. d. the direction of any net change in inventories is uncertain.