Tradionally, it was pretty hard to get a mortgage
What will be an ideal response?
if you had bad credit or didn't have a steady job. Lenders just didn't want to take the risk that you might "default" on your loan.
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How is the market demand schedule derived from individual demand schedules? How does the market demand curve differ from an individual demand curve?
What will be an ideal response?
Nominal GDP includes the current value of services produced in the economy
a. True b. False Indicate whether the statement is true or false
If the aggregate demand curve shifts rightward less than expected...
What will be an ideal response?
Why does a sports car cost more than a truck?
A. because truck manufacturers know that their customers have relatively low incomes B. because sports car manufacturers are greedier than truck manufacturers C. because more scarce resources are required to produce a sports car than to produce a truck D. because sports cars are priced higher in order to make them attractive as status symbols