Cost curves in the long run differ from cost curves in the short run
a. True
b. False
Indicate whether the statement is true or false
True
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During the 2000s, the Federal government's deficit
a. moved from large deficits to even larger deficits. b. changed little as a percent of GDP. c. moved from large surpluses to large deficits. d. rose largely as a result of large tax cuts in 2001 and 2004. e. both c and d.
The emergence of mortgage-backed securities provided mortgage brokers with an incentive to seek out only the most creditworthy borrowers
a. True b. False Indicate whether the statement is true or false
Individual banks always respond quickly and significantly to changes in the discount rate
a. True b. False Indicate whether the statement is true or false
If the rate of exchange for a pound is $4, the rate of exchange for the dollar is:
A. ΒΌ pound. B. 4 pounds. C. $.25. D. $1.00.