According to your authors, what caused the unsustainable housing bubble followed by the Great Recession?
A) Unprecedented greed
B) The Fed's lowering of interest rates during the early 2000s
C) Deregulation in the financial and investment banking markets
D) All of the above.
E) None of the above.
B
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The bond supply curve
A) shows the quantity of bonds lenders are willing to supply as bond prices change. B) shows the quantity of bonds lenders are willing to supply as interest rates change. C) shows the quantity of bonds borrowers are willing to supply as bond prices change. D) is represented by a downward-sloping line when the price of bonds is on the vertical axis and the quantity of bonds supplied is on the vertical axis.
In colonial America, work
(a) was required, at least for the lower classes, even for whites not bound in servitude. (b) was required of all classes, wealthy or poor, slaves or free. (c) was the decision of the individual, like it is today, except for slaves and indentured servants. (d) was thought to be for the "colored" races, with white folks exploiting their labor.