What is an appropriate definition for "securitization"?
A) the repackaging of bank assets into readily marketable forms
B) the promise of a secure return on deposits in FDIC-banks
C) the simplification of interest-bearing assets into their simplest derivative form
D) the unloading of derivative securities in response to a bank run
E) the reinforcement of an asset's worth through official certification
A
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Aggregate demand is the total demand for intermediate goods and services in an entire economy
Indicate whether the statement is true or false
If no beautification projects were undertaken in a city except by private individuals or firms, the city would almost surely be less beautiful than otherwise comparable cities because
A) aesthetic standards vary so widely. B) it is extremely difficult to induce people to pay on a voluntary basis for the pleasure they receive from urban beautification projects. C) people may enjoy beauty, but they are not willing to pay for it. D) private individuals and firms generate more external costs than benefits.
Suppose Always There Wireless serves 100 high-demand wireless consumers, who each have a monthly demand curve for wireless minutes of QdH = 200 - 100P, and 300 low-demand consumers, who each have a monthly demand curve for wireless minutes of QdL = 100 - 100P, where P is the per-minute price in dollars. The marginal cost is $0.25 per minute. Suppose Always There Wireless charges $0.30 per minute. How many minutes will high-demand consumers purchase?
A. 60 B. 30 C. 70 D. 170
The total level of all planned expenditures in the economy best describes
A) aggregate supply. B) aggregate demand. C) aggregate expenditures. D) both B and C are correct.