In the 1990s and early 2000s, mortgage lending standards ______________ in the United States. In general, there was a move _____________ traditional lending practices during this period
A) declined; away from
B) declined; towards more
C) became more strict; away from
D) became more strict; towards more
A
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You are given the following information on the macroeconomy:
Consumption: 200 + 0.75Y Investment: 100 + 0.10Y Government Spending 500 Exports 100 Imports 50 + 0.25Y Compute the equilibrium level of income, the size of the multiplier, and the change in equilibrium income for an increase in autonomous consumption of $50 million.
Generally, official poverty measures ignore
A. the impact of taxes. B. the value of in-kind transfers. C. the value of medical expenses that are paid by the government. D. all of these answer options are correct.
A $1,000 price tag on a stereo system is an example of money as a unit of account
a. True b. False Indicate whether the statement is true or false
What is one of the criticisms of measuring unemployment?
a. People who are not employed and not seeking work are counted as unemployed. b. People who are self-employed but not reporting their income to tax authorities are counted as employed. c. People who report that they are looking for work, but are not looking very hard, are counted as unemployed. d. People who do not have jobs and would be available to work but have gotten discouraged at the lack of available jobs in their area and stopped looking, are counted as unemployed.