The subprime mortgage market was bringing people into the mortgage market who in prior decades would not have been involved-- would not have had any mortgage.
次贷抵押信贷市场,把十多年前那些,不能获得抵押贷款的人,带进了抵押信贷市场
If there were no credit markets, everyone would have to be on the production possibility frontier; there would be no other choice.
如果没有信贷市场,每个人的收入水平都会落在PPF曲线上,别无选择
But if we have credit markets, then people can individually choose to be off the production possibility frontier and at a higher level of consumption than otherwise would.
但如果存在信贷市场,那么个人可以选择超越,PPF曲线的范围,达到比没有信贷市场时更高的消费水平
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