Based on the graph showing how the subprime share of home mortgages grew rapidly before the big decline, at the peak of the use of subprime loans in 2005, the gap between the share of subprime mortgages and adjustable mortgage rates was ______ the typical historical difference.
a. perfectly in line with
b. slightly smaller than
c. slightly greater than
d. dramatically greater than
d. dramatically greater than
You might also like to view...
Possible causes of an upward-sloping demand curve are
A. consumers judge the quality of a product based on quality. B. consumers judge the quality of a product based on price. C. consumers judge the quality of a product based on recommendations by friends. D. consumers judge the quality of a product based on reviewer ratings.
Recessions in Canada and Mexico would cause
a. the U.S. price level and real GDP to rise.
b. the U.S. price level and real GDP to fall.
c. the U.S. price level to rise and real GDP to fall.
d. the U.S. price level to fall and real GDP to rise.
In the product market, who provides services?
a. factors b. governments c. households d. firms
As of 2010, to be in the bottom quintile for income distribution in the United States, a family needed in income no more than
A. $15,000. B. $27,000. C. $23,000. D. $35,000.