The growth of the subprime mortgage market led to
A) increased demand for houses and helped fuel the boom in housing prices.
B) a decline in the housing industry because of higher default risk.
C) a decrease in home ownership as investors chose other assets over housing.
D) decreased demand for houses as the less credit-worthy borrowers could not obtain residential mortgages.
A
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The baby boomers born in the 1940s and 1950s began entering the work force in the 1960s and 1970s
This demographic event ________ the natural unemployment rate, thereby shifting the short-run Phillips curve ________ and shifting the long-run Phillips curve ________. A) increased; rightward; leftward B) decreased; rightward; rightward C) increased; rightward; rightward D) decreased; leftward; leftward E) increased; leftward; rightward
What is meant by sniping in an auction? Does it make sense to snipe to win an auction?
What will be an ideal response?