When the U.S. housing market crashed, it caused all of the following except:
A. lenders to stop lending.
B. banks to go bust due people not paying their mortgages.
C. the U.S. economy to tip into the Great Recession.
D. all sellers of real estate to profit when selling their house.
D. all sellers of real estate to profit when selling their house.
Economics
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A graphic organizer that is especially useful for showing changes over time is a
a. line graph. b. bar graph. c. pie graph. d. circle graph.
Economics
Consider two goods: peanut butter and jelly. If the price of jelly increases from $2 a jar to $3 per jar and the quantity demanded of peanut butter decreases from 50 jars to 45 jars, what is the cross elasticity of demand? Are the goods substitutes
or complements?
Economics