The causes of the skyrocketing mortgage default rates that triggered the financial crisis in 2007-2008 include the following, except:
A. Mortgage lending became very lax
B. Many people took on mortgages that they were simply incapable of repaying
C. Housing price increased drastically
D. Real estate values started declining after having risen for many years
C. Housing price increased drastically
Economics
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The United States became a net international debtor in 1985 for the first time since World War I
Indicate whether the statement is true or false
Economics
If the marginal propensity to consume is unchanged and autonomous consumption expenditures increase, then
A) saving at every level of disposable income increases. B) the break-even disposable income decreases. C) the break-even disposable income increases. D) saving is unaffected.
Economics