Mortgage-backed securities became a significant issue because
I. housing prices fell across all regions.
II. these securities were not as widely distributed as previously thought.
A. I only
B. II only
C. Both I and II
D. Neither I nor II
Answer: C
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A horizontal demand curve is perfectly elastic because a change in price will induce an infinite change in quantity demanded
a. True b. False Indicate whether the statement is true or false
An active deficit:
a. Is the portion of the government deficit that automatically helps a nation from falling further into a recession. b. Is always less than the actual deficit when a nation is currently below full employment. c. Is the difference between government spending and taxes at full employment. d. All of the above are true. e. None of the above is true.
Saving done for the purpose of leaving an inheritance is called ________ saving.
A. public B. precautionary C. life-cycle D. bequest
The automobile, steel, and oil markets are all examples of:
A. perfectly competitive markets. B. monopolies. C. monopolistically competitive markets. D. oligopolies.