Fabriland is currently in the midst of a deep economic recession. The country is dependent on the local textile industry, which has suffered in recent years from increased foreign competition and a mysterious livestock epidemic that wiped out 95% of Fabriland's sheep and cow population. In an effort to help boost the economy and help Fabriland diversify away from textiles, the government decides to increase government spending. How are price and output affected in the AD/AS model

The answer would be

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Ithink its b hope it ! : )