When people became ________ concerned with the underlying value of their houses and became ________ concerned with the expectations of the prices of their houses increasing, a housing bubble occurred
A) less; less
B) less; more
C) more; less
D) more; more
Answer: B
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An increase in both the equilibrium price and the equilibrium quantity of a good could not have been caused by a shift in supply alone
a. True b. False Indicate whether the statement is true or false
Using supply and demand analysis, explain why there is sometimes a surplus of seats to watch a television show being taped and other times there is a shortage of such seats. Assume that tickets to view the taping of a television show are free of charge
Which of the following should be included in U.S. GDP?
A. a 3D television manufactured in Thailand and sold in the United States B. a 3D television manufactured in Thailand by a U.S. firm and sold in the United States C. a 3D television manufactured in the United States and sold in Thailand D. a used 3D television manufactured in the United States and sold in Thailand
Per-capita output growth is the growth rate of output
A. of the entire economy. B. per worker in the economy. C. for capitalist economies. D. per person in the economy.