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
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A tax rebate by the government would
A) decrease your pretax income, but not your disposable income. B) increase your disposable income, but not your pretax income. C) increase your pretax income, but not your disposable income. D) decrease your disposable income, but not your pretax income.
The Secretary of Labor states that wage rates in the country have risen by 2 percent this past year. The head of a local labor union states that wage gains should have been higher. The Secretary's statement is a(n) ____ economic statement, and the labor head's statement is a(n) ____ economic statement
a. normative; normative b. normative; positive c. positive; normative d. positive; positive e. proper; improper