In comparing the traditional way of structuring mortgages and the newer structure of providing mortgages that securitized them and insured those securities with credit-default swaps, it is clear that the ________ structure increased homeownership rates and that the ________ structure was safer to the health of the overall economy.
A. traditional; traditional
B. newer; traditional
C. newer; newer
D. traditional; newer
Answer: B
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The figure above shows the production possibilities frontier for a country. A combination of 3 million gallons of milk and 3 million gallons of ice cream is
A) unattainable and production efficient. B) unattainable. C) attainable and production inefficient. D) attainable and production efficient. E) More information is needed to determine if the point is attainable or not.
The nominal interest rate increases by 5 percent. What is the effect on investment?
a. The real interest rate increases and investment increases b. The real interest rate decreases and investment decreases. c. The real interest rate increases and investment decreases. d. Cannot be determined from the given information
Frictional unemployment goes up when:
A. Students quit work to return to school at the end of the summer. B. A corporation transfers a worker to another city. C. A worker quits one job in order to search for another. D. There is inadequate demand for labor.
Alternating periods of economic growth and contraction are referred to as
A. The business cycle. B. A policy lever. C. Fiscal policy. D. The fiscal cycle.