According to Gordon, the three main ingredients in the recent U.S. housing bubble are
A) low interest rates, saving glut, and financial innovation.
B) high interest rates, lack of savings, and financial innovation.
C) financial innovation, expansionary fiscal policy, and capital outflow.
D) capital outflow, budget deficit, and trade deficit.
A
Economics
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Which of the following groups agree that government intervention in the economy is counterproductive even in the short run?
a. Keynesians and supply-siders b. Keynesians and neo-Keynesians c. Keynesians and rational expectations economists d. neo-Keynesians and rational expectations economists e. Rational expectations economists
Economics
What is the relation between value creation and transactions cost?
What will be an ideal response?
Economics