Regulatory policies requiring lenders to extend more low down-payment loans to higher-risk borrowers along with the Fed's low short-term interest rate policy during 2002-2004 caused
a. an increase in demand for housing and higher housing prices.
b. an increase in demand for housing and lower housing prices.
c. a reduction in demand for housing and higher housing prices.
d. a reduction in demand for housing and lower housing prices.
A
Economics
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If real GDP for 2009 is $6400 billion and nominal GDP for 2010 is $6720 billion (in 2010 dollars), then the growth rate of real GDP is
A) 0%. B) 0.5%. C) 5%. D) unknown based on the given information.
Economics
According to the text, grass mowing, T-shirt production, and potato farming are examples of firms
a. that regularly advertise to increase market share b. whose markets are highly seasonal c. with high production differentiation d. with high brand loyalty e. with no barriers to entry
Economics