A mortgage-backed security is a bundle of hundreds of mortgages which represents a claim on the monthly payments made on those mortgages
a. True
b. False
Indicate whether the statement is true or false
True
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The Consumer Price Index measures the average of the prices paid by urban consumers for a ________ of consumer goods and services
A) subjective selection B) fixed market basket C) random selection D) least-cost market basket E) changing selection
A production function relates
a. the level of output to the level of technology. b. the price level to the level of aggregate output. c. aggregate output to the level of inputs and technology. d. aggregate demand to aggregate supply.
When PAE decreases then the economy will move towards:
A. lower levels of equilibrium GDP. B. higher levels of equilibrium GDP. C. constant levels of GDP. D. higher levels of equilibrium aggregate expenditure.
Where would you plot unemployment on a production possibilities frontier?
What will be an ideal response?