The chart shows the costs associated with the purchase of a new home. A 2-column table has 5 rows. The first column is labeled Components with entries principal after down payment, origination fee, closing costs, total principal, and additional taxes. The second column is labeled Cost with entries 240,000 dollars, 1,200 dollars, 4,800 dollars, 246,000 dollars, 4,000 dollars. In the chart, closing costs refers to the cost of making repairs to the new home. fees that must be paid to local schools. costs associated with obtaining the loan. fees assessed by the state or local government.

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The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.

Janis owns and operates a store in a country experiencing a high rate of inflation. in order to prevent the value of money in her cash register from falling too quickly, janis sends an employee to the bank four times per day to make deposits in a interest-bearing account that protects the store's revenues from the effects of inflation. this is an example of the (menu costs/ unit of account costs/ shoesleather costs) of inflation. pick one