During the housing boom, the demand for mortgage-backed securities in the global market ______.
a. was very low
b. was very high
c. stemmed from high interest rates
d. was eliminated by tariffs
b. was very high
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Describe the bargaining process between the refineries and the recreational water users, assuming the refineries have the right to pollute.
Use the following graph of the refined petroleum market to answer the questions below.
The end of slavery in the United States represented
A) a large wealth transfer from the South to the North. B) a large wealth transfer from the future to the present. C) a large wealth transfer from Southern slave-holders to newly freed slaves. D) a nominal wealth transfer from Southern slave-holders to newly freed slaves.
Countries with more economic freedom during 1980-2009 tended to do which of the following?
What will be an ideal response?
According to the government budget constraint, any excess of public expenditures and transfers over taxes and user fees must be funded by
A) private borrowing. B) government borrowing. C) U.S. Treasury money creation. D) Federal Reserve money creation.