A mortgage that allows the borrower to choose the monthly payment for a few years is a
A. credit-default swap.
B. "liar loan."
C. pay-option adjustable-rate mortgage.
D. traditional, thirty-year fixed-rate mortgage.
Answer: C
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An economy with both a private and public sector is called:
A) a mixed economy. B) a private economy. C) a command economy. D) none of the above.
If the money supply in the economy were at MS2, to engage in contractionary policy the Federal Reserve Bank would use open market operation to move money supply to:
A. MS4 B. it would stay at MS2 C. MS3 D. MS1
__________: Is a loss in value within a structure due to changes in tastes, preferences, technical innovations, or market standards.
Fill in the blank(s) with the appropriate word(s).
In Figure 45.2, at the one-employer "company town solution," the wage paid to workers will be 
Figure 45.2
A. W2. B. W*. C. W1. D. an undetermined point between W1 and W2.