Mortgage-backed securities are similar to ________ but the interest and principal payments are backed by the individual mortgages within the security
A) bonds
B) stock
C) repurchase agreements
D) negotiable CDs
A
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The backward-bending supply curve of labor applies to _____
a. individuals b. groups c. the economy as a whole d. theoretical models
If your disposable income increases from $30,000 to $35,000 and your consumption increases from $11,000 to $12,000 . your marginal propensity to consume (MPC) is:
a. 0.2. b. 0.4. c. 0.5. d. 0.8. e. 1.0.
During the 1970s, real shocks to the U.S. economy caused:
a. an increase in both aggregate demand and aggregate supply. b. an increase in both the price level and the unemployment rate. c. a leftward shift of the Phillips curve. d. a decline in inflation but higher unemployment. e. a decline in both the price level and the unemployment rate.
If suppliers of garbage collection services charged the full costs of providing the service, the supply curve would
a. change to a positive slope. b. change to a negative slope. c. shift to the left. d. shift to the right.