Predict how each of the following economic changes will affect the equilibrium price and quantity in the financial market for home loans. The number of people at the most common ages for home-buying increases. A. Supply curve shifts left B. Demand curve shifts left v People gain confidence that the economy is growing and C. Demand curve shifts right that their jobs are secure. D. Supply curve shifts right Banks that have made home loans find that a larger number of people than they expected are not repaying those loans.

Predict how each of the following economic changes will affect the equilibrium price and quantity in the financial market for home loans. The number of people at the most common ages for home-buying increases. A. Supply curve shifts left B. Demand curve shifts left v People gain confidence that the economy is growing and C. Demand curve shifts right that their jobs are secure. D. Supply curve shifts right Banks that have made home loans find that a larger number of people than they expected are not repaying those loans.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter4: Labor And Financial Markets

Section: Chapter Questions

Problem 30P: Predict how each of the following economic changes will affect the equilibrium price and quantity in...

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Predict how each of the following economic changes will affect the equilibrium price and quantity in the financial market for home loans. Sketch a demand and supply diagram to support your answers. The number of people at the most common ages for home-buying increases. People gain confidence that the economy is growing and that their jobs are secure. Banks that have made home loans find that a larger number of people than they expected are not repaying these loans. Because of a threat of a war, people become uncertain about their economic future. The overall level of saving, in the economy diminishes. The federal government changes its bank regulations in a way that makes it cheaper and easier for banks to make home loans.
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11. According to Glaeser and Guryouko "Urban Decline and Durable Housing", what are the key findings A. Cities grow faster than they decline B. A negative shock to urban demand is more likely to result in lower house prices than population declines C. A positive demand shock is more likely to result in higher population than a rise in house prices. D. All of the above 12. According to Glaeser, Gyourko, & Saks, how might we know that regulations are contributing to high house prices? A. House prices have risen above the marginal cost of construction B. House prices are rising C. Interest rates are increasing D. There is high population growth E. Construction costs are rising
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