Prior to the financial crisis and recession which began in 2007, credit for mortgages was ________, creating a ________
A) unavailable to low-income borrowers; large demand for rental properties
B) virtually unavailable; housing bubble
C) only available to borrowers with high credit scores; shortage of affordable housing
D) easily obtained; housing boom
D
Economics
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At the midpoint of a downward sloping straight-line demand curve, the demand
A) is elastic. B) is unit elastic. C) is inelastic. D) has an elasticity exactly equal to zero.
Economics
The shape of short-run variable cost curve is determined by
a. the firm's effort to minimize cost b. the firm's effort to maximize profit c. competition in the industry d. the marginal productivity of the variable inputs the firm uses e. the money the firm spends
Economics