Author Question: Which of the following was not a cause of the Great Recession? a. Deregulating nationally chartered ... (Read 37 times)

SGallaher96 · **on:** Jun 30, 2018

Which of the following was not a cause of the Great Recession?
a. Deregulating nationally chartered banks but not state-chartered banks.
b.Government incentives to increase home ownership.
c. Government encouragement of creative home-buying strategies.
d. Relaxation of bank underwriting standards.
e. All of the above were causes of the Great Recession.

Question 2

If the price of inputs falls and the level of consumer indebtedness rises:
a. Price index falls, and real GDP rises.
b. Price index falls, and real GDP falls.
c. Price index falls, and the change in real GDP is uncertain.
d. The change in price index is uncertain, and real GDP rises.
e. The change in price index is uncertain, and real GDP falls.