As this was happening the big financial institutions stopped buying subprime mortages
What will be an ideal response?
and subprime lenders were getting stuck with bad loans. By 2007, some really big lenders had declared bankruptcy
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
Producer surplus is the
A) cost of the good summed over the quantity sold. B) demand for a good minus the supply summed over the quantity sold. C) price of a good minus the marginal cost of producing it summed over the quantity sold. D) marginal cost of producing it summed over the quantity sold.
Competitive market equilibrium is a market equilibrium with many buyers and sellers
Indicate whether the statement is true or false
Nearly a quarter of China's 1.3 billion people are under the age of 15. How will this affect high school enrollment over the next fifteen years? The labor market over the next fifteen years?
What will be an ideal response?