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63) Deflation is a problem because it requires more purchasing power to pay off debt. False True 64) If worker productivity increases enough to offset
63) Deflation is a problem because it requires more purchasing power to pay off debt.
False
True
64) If worker productivity increases enough to offset any wage increase, then product prices can remain stable.
True
False
68) Subprime mortgages are home loans to high-quality borrowers at rates 0.25% below the prime rate.
False
True
72) Increases in productivity contributed to the jobless recovery after the 2007-2009 recession.
False
True
74) A consequence of trying to keep unemployment below its natural level is ever-accelerating inflation.
False
True
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