In hindsight, mortgage-backed securities implied very limited risk because the underlying mortgages were spread across different geographic areas
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
What is being displayed in the two graphs in Marginal Product and Marginal Costs?
a. When the cost of producing one more unit increases, then the marginal product is growing.
b. When the marginal product is falling, then the average total cost of output is falling.
c. When the marginal product is growing, the cost of producing one more unit is falling.
d. When the change in output per unit of input is growing then marginal costs are growing.
Headline inflation:
A. is inflation measured using the retail price index. B. measures price changes with food and energy costs taken out of the basket. C. is inflation measured using the producer price index. D. measures the changes in prices for the entire market basket of the average urban consumer.
Which of the following is true about a differentiated-product Bertrand duopoly?
A. Firm 1 and firm 2's prices will equal marginal cost. B. Firm 1 and firm 2's prices will exceed marginal cost. C. Firms in a differentiated-product Bertrand duopoly cannot earn positive economic profits in the long run. D. Firm 1's price will always be above marginal cost, while firm 2's price will be equal to marginal cost.
Fiscal policy is enacted through changes in:
A. Interest rates and the price level B. The supply of money and foreign exchange C. Unemployment and inflation D. Taxation and government spending