The September 11 attacks had the effect of shifting the
A) IS curve to the right.
B) IS curve to the left.
C) LM curve to the right.
D) LM curve to the left.
B
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After a period of price stability in the 1990s, housing prices increased dramatically during 2002-2005 because
a. regulations designed to make housing more affordable increased the demand for housing and drove housing prices upward. b. regulations designed to make housing more affordable decreased the number of sub-prime loans and made home buying a safer investment. c. mortgage lending standards tightened, and therefore mortgage loans for housing were only available to buyers purchasing highly expensive homes. d. home buyers were putting more money down and requiring more return on their investment, driving housing prices up.
A firm that has positive economic profits has accounting profits that are
A) zero. B) positive. C) negative. D) indeterminate without more information.