The financial crisis occurred in 2008 in large part because of losses on securities consisting of bundles of mortgage loans known as

When the economy is operating below full-employment capacity, a recessionary gap is said to exist

Indicate whether the statement is true or false

Economic mobility in the United States is

a. great, so many of those below the poverty line are there only temporarily. b. rare, so most of those below the poverty line are there for decades. c. rare, yet many of those below the poverty line are there only temporarily. d. unrelated to poverty.