Mortgages issued to borrowers whose credit histories include failures to make payments on bills are known as ________ mortgages
A) subprime B) Alt-A C) catastrophic D) variable rate
A
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If the Fed wishes to decrease the supply of money and credit, it may sell government securities, raise the discount rate, or lower required reserve ratios
Indicate whether the statement is true or false
At any quantity of output above the intersection of the marginal revenue and marginal cost curves:
A. ATC equal to AVC. B. MR is higher than MC. C. profits are being maximized. D. MR is lower than MC.
A system in which the factors of production are owned by private citizens
a. command economy b. traditional economy c. capitalism d. free enterprise economy
An expansionary fiscal policy can be illustrated by a(n):
a. Decrease in aggregate demand b. Increase in aggregate demand c. Change in the price level d. Increase in aggregate supply