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Please help me answer two questions

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Which of the following statements about adjustable-rate mortgages is TRUE?
Interest rates can't change over the life of the mortgage.
Adjustable-rate mortgages are especially attractive to high-income buyers.
Adjustable-rate mortgages usually have interest rates lower than market rates during the first year.
Adjustable-rate mortgages are more attractive when interest rates on fixed mortgages fall.
The long-run Phillips curve shows:
a tradeoff between inflation and unemployment.
the relationship between unemployment and inflation when the inflation rate is zero.
the relationship between inflation and unemployment when the expected inflation rate exceeds the actual inflation rate.
the relationship between inflation and unemployment when the actual inflation rate and the expected inflation rate are equal.

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Question 66 Which of the following statement about adjustable-rate mortgage is true? Answer Adjustable rate... View the full answer

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