Which of the following is NOT true about subprime mortgage loans:
A. They played a central role in the financial crisis of 2007-2008
B. They were encouraged by the Federal government for many years before the financial crisis
C. They had always been discouraged by the government, and even banned in some cases
D. They were considered high-risk loans because the borrowers had poor credit ratings
C. They had always been discouraged by the government, and even banned in some cases
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A major reason for regulating the financial sector is to facilitate __________ policy
A) monetary B) fiscal C) antitrust D) merger
The recessions associated with the business cycle come at regular intervals
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 6.8 below to answer the question(s) that follow.
Figure 6.8Refer to Figure 6.8. The total utility of four movies is ________ and the fourth movie's marginal utility is ________.
A. 28; 0 B. 25; 10 C. 15; 0 D. 28; 3
A lumberjack loses his job because timber cutting restrictions were imposed by the EPA to protect the spotted owl habitat. This lumberjack would be
A) structurally unemployed. B) cyclically unemployed. C) frictionally unemployed. D) seasonally unemployed.