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2. Carmine bought a house. However, he later discovered that terms of the mortgage were not what he had been promised and the payments are going to be significantly higher than he agreed to. Which agency could help him resolve this issue?
A) The Treasury Department
B) The Internal Revenue System
C) The Federal Trade Commission
D) The Department of Housing and Urban Development


3. Which BEST describes when should a person begin estate planning?
A) whenever they acquire their own estate.
B) as soon as they have disposable income
C) when they have acquired some money and property
D) when a person is ready to take on adult responsibilities

Answers

Answer 1

Answer:

C. The Federal Trade Commission

B. As soon as they have disposable income

Explanation:

Answer 2

The Federal Trade Commission and as soon as they have extra money Nevertheless, he later realized that the mortgage's terms were not what he had been promised, and the payments would be substantially more than he had agreed to .therefore (C) and (B) are the right choices.

What do you know about Mortgage loan?

A mortgage loan, often known as a simple mortgage is a loan that real estate buyers use to raise money to purchase real estate, as well as loans used by current property owners to borrow money for any purpose while enforcing a lien on the real estate being mortgaged.

Mortgage origination, a procedure, is how the loan is "secured" against the borrower's home. This means that, in the event that the borrower defaults on the loan or otherwise violates its terms,

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Related Questions

In the Keynesian conception of the AD/AS model: An increase in AD can expand real output and employment without causing much inflation.An increase in AD can expand real output and employment without causing much inflation.An increase in AD can expand real output and employment only by causing a great deal of inflation.An increase in AD can expand real output and employment only by causing a great deal of inflation.A decrease in AD can reduce inflation substantially but causes unemployment.A decrease in AD can reduce inflation substantially but causes unemployment.Changes in AD and changes in the price level are inversely related.Changes in AD and changes in the price level are inversely related.The only effective fiscal policy is to increase aggregate supply.

Answers

Answer:

An increase in AD can expand real output and employment without causing much inflation.

Explanation:

John Maynard Keynes was a British economist born on the 5th of June, 1883 in Cambridge, England. He was famous for his brilliant ideas on government economic policy and macroeconomics which is known as the Keynesian theory. He later died on the 23rd of April, 1946 in Sussex, England.

Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.

A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.

According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.

Aggregate demand (AD) can be defined as the total quantity of output (final goods and services) that is demanded by consumers at all possible price levels in an economy at a particular time.

On a standard Aggregate demand (AD)-Aggregate supply (AS) curve, the y axis denotes the Price (P) of goods and services while the x axis typically denotes the Output (Q) of final goods and services.

Hence, in the Keynesian conception of the Aggregate demand-Aggregate supply (AD/AS) model, an increase in aggregate demand (AD) can expand real output and employment without causing much inflation. Inflation can be defined as the persistent general rise in the price of goods and services in an economy at a specific period of time.

Generally, inflation usually causes the value of money to fall and as a result, it imposes more cost on an economy.

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