As a result of the Fed's unconventional purchase of over $1 trillion of mortgage-backed securities in 2009, interest rates on both mortgage-backed securities and home mortgages increased
a. True
b. False
Indicate whether the statement is true or false
False
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Contrast the economic experience of the HPAE with the experience in Latin America, especially with regard to the 1980s and in terms of weathering financial crises
What will be an ideal response?
The equation for aggregate expenditure can be written as:
A. C+I+GDP B. C+Inventory+G+NX C. C+I+G+NX D. C+I+G+Exports
A zero-sum economy would result from
A. moderate economic growth. B. excessive growth after adjusting for inflation rates. C. a lack of economic growth. D. nominal GDP growth.
Recall the Application about the external cost of young drivers to answer the following question(s).Recall the Application. If the external costs of drivers on average could be internalized by a vehicle mileage traveled tax of 4.4 cents per mile, then you would expect that to fully internalize the external costs of accidents by drivers older than 70 to be:
A. 4.4 cents per mile. B. lower than 4.4 cents per mile. C. higher than 4.4 cents per mile. D. zero as there are no externalities in driving.