According to your authors, what caused the unsustainable housing bubble followed by the Great Recession?
A) Unprecedented greed
B) The Fed's lowering of interest rates during the early 2000s
C) Deregulation in the financial and investment banking markets
D) All of the above.
E) None of the above.
B
You might also like to view...
Marginal revenue product for a price taker equals
a. MP ? P b. MP/MRC c. MP ? MRC d. MRC/MP e. MP/P
Consider the following information regarding a person’s decision to go to college: college tuition is $20,000 per year, room and board is $10,000 per year, and books and materials are $2,000 per year. Suppose that instead of going to college this person could have earned $18,000 working in a store. An economist would calculate the cost of going to college as
A. $20,000. B. $30,000. C. $32,000. D. $50,000. E. $18,000.
The definition of interest in economics is ______.
a. the demand for loan money b. the cost of borrowed funds c. the rate of price increase d. the decision to purchase
Recall the Application about the productivity of large infrastructure investments to answer the following question(s). According to the Application, which infrastructure investment in the U.S. contributed to the increased the productivity of agricultural lands between 1870-1890?
A. railroads B. the internet C. the highway systems. D. dams.