Author Question: A secondary effect of installment credit was the (a) development of a new market in used ... (Read 41 times)

wenmo · **on:** Jun 30, 2018

A secondary effect of installment credit was the

(a) development of a new market in used durables.
(b) emergence of a new network of dependable supplies of electric power.
(c) surge in prices.
(d) increased government intervention in household activity.

Question 2

Which of the following statements is correct with respect to endogenous growth models?

a. Changes in government policy that affect savings and investment rates can increase levels of output in the long-run.
b. Changes in government policy that affect savings and investment rates can increase the growth rate of output in the long-run.
c. Long-run growth rates are not stationary.
d. both a and b.
e. all of the above.