In the early 2000s, the Fed's ____________ interest rate policy had several effects. Among these effects were a _______________ in mortgage interest rates and a(n) ____________ in the size of loans taken out by mortgage borrowers
A) high; decline; decrease
B) low; decline; increase
C) low; rise; increase
D) high; rise; increase
B
Economics
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Define marginal cost and marginal benefit
What will be an ideal response?
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Consider the demand for labor in the computer chip industry. The demand for labor
A) is derived from the demand for computer chips. B) is shown by a perfectly elastic demand for labor. C) is shown by a perfectly inelastic demand for labor. D) has a demand curve that is backward bending.
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