Rationing through the price system
A) leads to an inefficient use of available resources.
B) leads to high prices.
C) works only with government interference.
D) leads to an efficient use of available resources.
D
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If the real interest rate is less than the equilibrium real interest rate, there is a ________ of loanable funds, and ________
A) shortage; savers increase their saving supply to restore the equilibrium B) shortage; borrowers have an easy time finding the funds they want C) surplus; some borrowers cannot find the funds they want D) shortage; some borrowers cannot find the funds they want E) surplus; borrowers have an easy time finding the funds they want
Structural unemployment is often thought to explain relatively long spells of unemployment
a. True b. False Indicate whether the statement is true or false
The key assumption for the general multiple regression model is that all factors in the unobserved error term be correlated with the explanatory variables.
Answer the following statement true (T) or false (F)
The sudden explosion of cheap and readily available mortgages encouraged people to:
A. buy bigger and better homes. B. become less risk-averse. C. securitize their investments. D. become more risk-averse.