Why did the housing market get so cheap during the economic crash

Q: ording to the passage, El Nino occurs with failed trade winds. Thus, a conclusion that c drawn is…

A: El Niño and La Niña are the warm and cool periods of ENSO (articulated "en-so"). ENSO is the most…

Q: 10 Supply 8. S 6 Y-- 2 1 0 1 2 6 7 QUANTITY (Combs) 4 5 8 10 PRICE (Dollars per comb) 3.

A: The supply curve is a graphical depiction of the relationship connecting the price of a commodity…

Q: Popcorn at the movies is $6 a bag. Candy at the movies is $2 a box. The opportunity boxes of candy.…

A: Opportunity cost is one of the effective economic measures used in different aspects, such as in the…

Q: e government now spends over $700 billion a year on Social Security benefits. Why don’t we leave it…

A: Social security benefits provide some income for disabled individuals and their families and…

Q: 5. Long Run Producer Surplus a. In the long run equilibrium of a perfectly competitive firm, fixed…

A: During the Long run production function all the factors are variables:  Land Labor Capital All the…

Q: When applying for credit, is it preferable to receive a low interest rate or a high interest rate?

A: Credit is the capacity to borrow funds or to buy products or services with the knowledge that…

Q: If the monopolist maximizes profit, then the quantity of output would be the price of output would…

A: Answer: Correct option: 180 units; $210 (option 2) Explanation: A monopoly maximizes its profit…

Q: Labor Total Product Marginal Product Average Prod 0 1 2 345 6 7 8 0 Blank 1 25 Blank 5 Blank 7 Blank…

A: Total Product refers to the total output produced by a firm.  Marginal Product refers to the…

Q: The cost of money is established and measured by an interest rate. True or false?

A: Answer - Cost of Money -  Cost of the money is amount of interest can be charged on the money…

Q: Billions of Item Dollars Checkable Deposits Small Time Deposits Currency Held by the Public Savings…

A:

Q: Which of the following is not something you need to consider when planning for retirement how much…

A: The consumption smoothing is an important concept in consumer behaviour where an individual…

Q: Widget Corp.'s production function is given by q = 3K + 2L. (b)Find Widget Corp.'s short-run supply…

A: Short Run refers to that time frame in which some factors of production cannot be varied and are…

Q: 3. Interest on debt Aa Aa Suppose that the debt to GDP ratio in a hypothetical country reaches 200%.…

A: Option a) is correct that is 40%

Q: Name at least three reasons for the 2008 housing debacle.  Taking out a health insurance policy…

A: In order to stay safe from certain events that are unforeseen/accidental, various assets are covered…

Q: How do mal-investments wreck the economy?

A: It is very important that investments are made properly in the economy. With proper…

Q: The following table lists several determinants of short-run aggregate supply. Fill in the table by…

A: Aggregate supply is used along with the aggregate demand curve to depict the macroeconomic…

Q: Bananas. Price and Quantity information of these items over a period are shown bel Year 2019 Year…

A: CPI is measured using a fixed basket of goods.

Q: T, F. Economic Value Added is a measure of the bondholders’  wealth created by an investment center.

A: Economic Value Added is a measure of the bondholders’  wealth created by an investment center. It is…

Q: What is the difference between an additional calculation according to the self-cost principle and an…

A: Cost of accounting will record the value of all the large assets based on the payment that the…

Q: What job did online banking destroy? What jobs did it create ? How might artificial intelligence…

A: With the advent of online banking, it is seen that there has been changes in the composition of…

Q: A law is passed requiring owners of real property in Thailand to pay real property tax in the…

A: A law is passed requiring owners of real property in Thailand to pay real property tax in the…

Q: How might deflation set off further delation

A: A deflationary spiral can be defined as a "downward price reaction to an economic crisis leading to…

Q: 2. Consider the used-car market for the 2017 Citrus described in class. Each owner of an orange…

A: PLEASE FIND THE ANSWER BELOW.

Q: In a economy, consumption is 40, public sector spending is 22, investment is 15, net exports are -3…

A: Disposable income, frequently alluded to as net income, is how much money that households have…

Q: 1. Supply and Demand, Elasticity Consider the market for butter. The demand curve is given by Q° =…

A: Given : Qd = a + b x P +c × I Qs = d x P + e x Pm + f.

Q: What happens to the quantity of loanable funds supplied when the interest rate rises? Explain why…

A: Supply of Loanable Fund: The supply of loanable fund encompasses the savings and the credit made by…

Q: P (dollars) 300 MC 210 150 120 75 MR D Q (units) 180 300 Assume the market were perfectly…

A: Given:Consumer willingness to pay=$300Equilibrium price=$120Quantity=180

Q: Which of the following is an example of federal agency regulations that impact business operations?

A: An IRS audit is a review/examination of a company's or individual's accounts and financial…

Q: Does the lower tax rate for capital gains encourage investment? If so, how? If not, why

A: A lower tax rate means a reduction in the tax rate levied by the government. The immediate effect of…

Q: The figure shows the flows of expenditure and income on Lotus Island. In 2016, R was $7 billion; W…

A: The circular flow model in economics is a simplified diagram that portrays the main interactions…

Q: Determine aggregate expenditures (AE) in this economy when real GDP (Y) is equal to $1,500 billion,…

A: The aggregate expenditure refers to the amount of the money spent on the consumption, investment,…

Q: Why are Americans planning on cutting back on spending through the holiday

A: It can be described as the network of an organization that involves the production activities,…

Q: How do most earn money? By being retired, by working at a job, by being disabled, by being…

A: Though there are several ways to earn money and each individual leans towards their comfort zone of…

Q: (a) Find the equi. (b) What is the total surplus (consumer and producer surplus)? (c) Suppose now…

A: a) Given Qd(p) = 10000/p2 and Qs(p) =p2 To find the equilibrium price Qd=Qs10000/p2=p2 p4=10000 p=10…

Q: For maximum profit, a firm hires labor up to the point at which the wage equals (i) (ii) (iii) the…

A: The firm will produce where the profit is maximum.  Profit is the difference between total revenue…

Q: P (dollars) 300 MC 210 150 120 75 MR D Q (units) 180 300 Consider the following diagram illustrating…

A: Given the graph, the profit-maximizing level for perfect competition would be P=MC=MR.  The price…

Q: 1 An economy has two workers, Bella and Edward. Per day of work, Bella can pick 30 apples or 120…

A: A) Bella can pick 30 apples or 120 bananas. So, Bella's opportunity cost of 30 apples is 120…

Q: You are choosing between buying a home or continuing to rent. You value the home at $1,000,000 (one…

A: Answer: The buyer values the house at $1,000,0000. So, Willingness to pay = $1,000,000 Cost of house…

Q: U(sandwich, lemonade) = %3D (sandwich)0.3(lemonade)0.7 (a) Find the marginal utility of sandwich.…

A: The utility function of the consumer shows the total amount of satisfaction or utility a consumer is…

Q: A firm has access to two production processes with the following marginal cost curves: MC -0.4Q and…

A: Given; There are two production process with Marginal Cost curves:- MC1=0.4QMC2=2+0.2Q At optimal…