How would the labor demand curve of a large mortgage company be affected by a drop in mortgage interest rates that sparks a rush on home buying?
a. shift to the left
b. shift to the right
c. shift upward
d. shift downward
b. shift to the right
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If there is an excess supply of bonds at a given price of bonds, then
A) the interest rate will fall. B) the interest rate will rise. C) the price of bonds will fall. D) the interest rate may rise or the interest rate may fall depending upon the reasons for the excess demand for bonds.
Incomes policies of the federal government include:
a. presidential jawboning. b. wage-price guidelines. c. wage-price controls. d. All of these.
Monetary policy is only effective in a country with floating exchange rates when capital is highly mobile.
Answer the following statement true (T) or false (F)
The new federal government's national health care program imposes the following regulations on health care insurers EXCEPT
A) health insurers must cover all who apply, including people who already have health problems. B) all new plans must cover certain preventive services such as mammograms and colonoscopies but must be paid 100% by patients. C) a ceiling is imposed on the rate of increase in health insurance prices charged to elderly people. D) insurance companies will be prohibited from imposing lifetime dollar limits on essential benefits, like hospital stays.