Treasury securities have ____ risk of default and mortgage-backed securities have ____ risk of default

Which of the following is not correct?

a. The model of aggregate demand and aggregate supply is used by most economists to analyze short-run fluctuations. b. During a recession firms cut back production and workers are laid off. c. A recession is a period of declining real incomes and declining unemployment. d. A depression is a severe recession.

Although financial capital is relatively mobile as an input, it is subject to a "home bias" in which people prefer to invest within their own country.

Answer the following statement true (T) or false (F)