Exploring Macroeconomics
Exploring Macroeconomics
8th Edition
ISBN: 9781544337722
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
Question
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Chapter 13, Problem 11P
To determine

To explain:

If housing prices had continued to rise during the 2008 financial crises if we can still have had the same problem with subprime borrowers or it would just have been delayed.

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Should governments pay off their debts and not be allowed to borrow any more except under special extreme circumstances (like the current pandemic or if they were at war)? Explain the reasons for your answer clearly.
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