135. In the early 2000s, the government passed laws requiring banks and mortgage brokers to disclose the terms of home loans. This action by the government was an attempt to:
A. solve the information asymmetry problem, but did not work as intended.
B. solve the information asymmetry problem and led to an improvement in the housing market.
C. screen out risky or shady banks and mortgage brokers.
D. signal to consumers that the government cared about the value of their homes.
A. solve the information asymmetry problem, but did not work as intended.
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A system that assesses proportionately higher taxes on the rich than it does on the poor is called a ________
Fill in the blank(s) with correct word
Which of the following will shift the consumption function upward?
a. A decrease in stock prices b. An increase in stock prices c. A higher price level d. A lower disposable income e. A higher disposable income
Increasing aggregate demand with fiscal policy may have undesirable inflationary consequences
a. True b. False Indicate whether the statement is true or false
The market demand for wheat is Q = 100 - 2p + 1pb, where pb is the price of barley. The cross price elasticity of demand for wheat with respect to barley
A) cannot be calculated from just the information provided. B) is negative. C) suggests that wheat and barley are complements. D) equals 1.