In the events of the housing bubble collapsing, once the housing prices stopped increasing refinancing:
A. was no longer an option, and a wave of foreclosures occurred.
B. no longer allowed people to borrow cash on the new value of their home, and spending slowed.
C. became less popular, and people's consumption overall dropped.
D. became more popular, and people's consumption accelerated overall.
A. was no longer an option, and a wave of foreclosures occurred.
Economics
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The above table shows the short-run production function for Albert's Pretzels. The marginal product of labor for the third worker is
A) 6. B) 8. C) 24. D) not known from the information provided.
Economics
A bank's assets are
A) things owned by or owed to the bank. B) things the bank owes to someone else. C) a measure of the bank's net worth. D) always greater than the bank's liabilities.
Economics