During the crisis of 2008 housing prices ________ and stock prices ________. (Fill in the blank)
a. rose sharply; fell sharply
b. fell sharply; rose sharply
c. fell sharply; fell sharply
d. rose sharply; rose sharply
C
You might also like to view...
Adverse selection and moral hazard are examples of:
A) transaction costs B) information cost C) symmetric information D) financial market efficiency
What does the demand curve for British pounds tell us?
a. The quantity of pounds people will want to sell at each different exchange rate b. The quantity of pounds people will want to buy at each level of output c. The quantity of pounds people will want to buy at each different exchange rate d. The quantity of pounds people will want to sell in each different time period e. The quantity of pounds people will want to buy at each different interest rate.
If James earns $80,000 in taxable income and pays $20,000 in taxes, his average tax rate is 25 percent
a. True b. False Indicate whether the statement is true or false
The natural rate of unemployment is best described as
A. 0 percent. B. the unemployment rate when the economy is at its peak. C. the sum of cyclical, frictional and structural unemployment. D. the unemployment rate that prevails in the long run.