Mortgages issued to borrowers whose credit histories include failures to make payments on bills are known as ________ mortgages
A) catastrophic
B) variable rate
C) subprime
D) Alt-A
Answer: C
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Explain the difference between induced consumption expenditure and autonomous consumption expenditure. Why isn't all consumption expenditure induced expenditure?
What will be an ideal response?
As the recession persisted into 2009, the unemployment rate in the United States rose to ________, the highest rate since the recession of 2001-2002 and the second highest since the Great Depression
A) 5.5 percent B) 9.3 percent C) 17.6 percent D) 25.1 percent
Monopolistic competition is characterized by many buyers and sellers, product differentiation, and free entry
a. True b. False Indicate whether the statement is true or false
Conventional economic theory assumes that people
a. care a great deal about fairness. b. are inconsistent over time in their decisionmaking. c. are rational. d. are satisficers.