Alt-A mortgages are
A) mortgages which are bundled together by financial institutions and sold to investors.
B) mortgages issued to borrowers who fail to document that their incomes are high enough to afford their mortgages.
C) mortgages issued to borrowers with flawed credit histories.
D) government-backed mortgages issued by Fannie Mae and Freddie Mac.
B
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A technological advance ________ the long-run aggregate supply curve and ________ the short-run aggregate supply curve
A) shifts; shifts B) shifts; does not shift C) does not shift; shifts D) does not shift; does not shift
Which of the following was a source of the U.S. federal government's financial revenue for World War II (1941–45)?
(a) Tariffs (b) Bond sales to other governments (c) Bond sales to the Federal Reserve System (d) Bond sales to the U.S. Congress
Between 1800 and 1910, the percentage of the U.S. population living in cities of 100,000 residents or larger went from ____ percent to roughly ___ percent
a. 15; 20 b. 10; 20 c. 5; 20 d. 0; 20
Free trade allows the people of a country to consume outside their production possibility frontier.
Answer the following statement true (T) or false (F)