The Impediment to Continuous Borrowing and Increases in the Level

question 61

Multiple Choice

The impediment to continuous borrowing and increases in the level of debt by households

• A)is known as a borrowing constraint.
• B)may come from a lender's unwillingness to keep lending.
• C)may come from a borrower's unwillingness to keep borrowing.
• D)All of the above are correct.

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Definitions:

Zero Standard Deviation

A statistical measure indicating that all values within a data set are identical; there is no variability.

Average Temperature

The mean value of temperature taken over a specified period of time.

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of data points or values from their mean (average).

Expected Value

The weighted average of all possible values of a random variable, with weights being their probabilities.