From 2006 to 2008, ______ fell by $350 billion.
a. mortgage-backed security valuations
b. individual foreclosures
c. subprime mortgage originations
d. housing construction
d. housing construction
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In the late 1600s, the stock being traded in London's Exchange Alley that created a financial bubble belonged to the:
A. South Seas Company. B. East India Company. C. Bubble Company. D. Mediterranean Company.
According to Okun's law, when cyclical unemployment increases from 2 to 3 percent, the recessionary gap widens from ________.
A. ?2 percent to ?3 percent B. ?4 percent to ?6 percent C. 4 percent to 6 percent D. 0 percent to 1 percent
If real GDP increases by 6 percent and at the same time the population increases by 2 percent, then real GDP per person grows by
A) 3 percent. B) 6 percent. C) 8 percent. D) 4 percent. E) 2 percent.
A perfectly discriminating monopolist converts every dollar of producer surplus into economic profit
a. True b. False