Author Question: In 2005 and 2006, because of fears of inflation, the Fed: a. increased interest rates which lead to ... (Read 95 times)

leo leo

  • Hero Member
  • *****
  • Posts: 566
In 2005 and 2006, because of fears of inflation, the Fed:
 a. increased interest rates which lead to higher monthly payments on fixed rate mortgages.
 b. increased interest rates which lead to higher monthly payments on adjustable rate mortgages.
  c. decreased interest rates which lead to higher monthly payments on fixed rate mortgages.
  d. decreased interest rates which lead to higher monthly payments on adjustable rate mortgages.

Question 2

Inferior goods are low quality goods that people prefer to buy less of.
 a. True
  b. False
  Indicate whether the statement is true or false



anoriega3

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

b

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

There are more bacteria in your mouth than there are people in the world.

For a complete list of videos, visit our video library