"Subprime mortgage loans" refer to:
A. high-interest-rate loans to home buyers with above-average credit risk.
B. home-buying loans that charge interest rates below the prime interest rate.
C. loans to buyers of homes that are in need of substantial repair.
D. loans from the Federal Reserve to home mortgage lenders to support a greater volume of
home-buying loans at affordable interest rates.
A. high-interest-rate loans to home buyers with above-average credit risk.
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Suppose you place $10,000 in a retirement fund that earns a nominal interest rate of 8 percent. If you expect inflation to be 5 percent or lower, then you are expecting to earn a real interest rate of at least:
a. 1.6 percent. b. 3 percent. c. 4 percent. d. 5 percent.
The Industrial Revolution refers to the stream of new technology and the resulting growth of output than began in England toward the end of the eighteenth century
a. True b. False Indicate whether the statement is true or false
In Econland population increased from 1 million to 1.1 million, the number of employed workers increased from 500,000 to 600,000, but average labor productivity decreased from $20,000 per worker per year to $19,000 per worker per year. Total output in Econland ________ and the average standard of living ________.
A. increased; increased B. increased; decreased C. decreased; decreased D. decreased; increased
2 categories of consumption goods
What will be an ideal response?