Many borrowers defaulted on subprime mortgages ultimately disrupting financial markets by august 2007. which of the following is a likely result of this increase in financial frictions? a. the ad curve likely did not shift b. b. the ad curve likely shifted left which caused an upward movement along the mp curve to a higher general equilibrium interest rate c. the ad curve likely shifted left which caused a positive inflation gap d. the ad curve likely shifted left which caused a negative output gap e. none of the above

A. the AD curve likely did not shift B

Explanation:

Defaults on subprime mortgages hurts autonomous consumption levels for borrowers, which causes the IS and AD curves to shift left. These defaults also likely increased financial frictions as lending institutions would charge higher real interest rates to protect themselves from the increased default risk.

someone i feel is a leader in my life id have to say would be my mother because she has give me great advice in life and got me out of tough situations. some characteristics she has are creativity, honesty, commitment, respect for others, and communication. one example of a situation when she demonstrated leadership was when i was working late on homework and i started to get stressed and got upset, she asked me if i needed some , and she me with my work. she demonstrated communication and commitment.

i don't know if this is exactly what your looking for but i hope this !