The SP Curve Shifts Downward When

question 191

Multiple Choice

The SP curve shifts downward when

• A)the average wage rate falls.
• B)the average wage rate rises.
• C)expected inflation falls.
• D)expected inflation rises.

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Definitions:

Statute

A written law passed by a legislative body, governing society and establishing rules that constituents must follow.

Foreclosure

The legal process by which a lender takes control of a property used as collateral for a loan that has not been repaid according to the terms of the mortgage or deed of trust.

Mortgagor

The owner of the property that has been mortgaged or pledged as security for a debt.

Secured Credit

A loan or credit extended where the borrower pledges some asset as collateral for the loan, providing the lender a measure of protection against the borrower's default.