Based on the graph showing how the subprime share of home mortgages grew rapidly before the big decline, we can see that as adjustable mortgage rates ______, the share of subprime mortgages ______.
a. decreased; decreased
b. decreased; increased
c. decreased; remained unchanged
d. decreased; reached zero
b. decreased; increased
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Two important roles of government in the economy are to safeguard private property and enforce contracts
a. True b. False
The PE ratio is a measure of how highly a stock is valued relative to its current earnings
a. True b. False Indicate whether the statement is true or false
The Asian financial crisis was brought about by:
A. excessive loss of national resources. B. exchange rate crisis. C. debt crisis. D. None of these statements is true.
When numerous Japanese companies buy $100,000,000 worth of goods or services from U.S. producers, ceteris paribus, there will be
A) appreciation in the value of the yen against the dollar. B) depreciation in the value of the yen against the dollar. C) depreciation of the dollar against the yen. D) no change in values of the currencies.