Since 1995, federal regulations have
a. tightened mortgage lending standards and therefore made it difficult to obtain a loan to purchase a house.
b. increased the down payment housing buyers are required to make in order to obtain a mortgage loan.
c. loosened lending standards and made it possible for many buyers to purchase a house with little or no down payment.
d. required investment banks to maintain more capital against their holdings of mortgage loans.
C
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If real GDP and aggregate expenditure are greater than equilibrium expenditure, what happens to firms' inventories? How do firms change their production? And what happens to real GDP?
What will be an ideal response?
In the figure above, the price of bonds would fall from P1 to P2 when
A) inflation is expected to increase in the future. B) interest rates are expected to fall in the future. C) the expected return on bonds relative to other assets is expected to increase in the future. D) the riskiness of bonds falls relative to other assets.
Which of the following numbers, if it were equal to the 80/20 ratio for a particular country, would indicate the most inequality?
A. 1
B. 2
C. 0
D. 0.5
A tax on gasoline reduced consumer and producer surplus by 45 million dollars, but it brought in 35 million dollars in tax revenue. What was the deadweight loss created by this tax?
a. 10 million dollars b. 45 million dollars c. 80 million dollars d. 160 million dollars