By the 2000s, an important change in the mortgage market had occurred when ________ became significant participants in the secondary market for mortgages

The chairman of the Board of Governors of the Fed is designated by ____________________ to serve a _______ year term as chairman

A) the President; four B) Congress; fourteen C) the President; twelve D) Congress; four

Deadweight loss:

A. occurs when the market price is set above the equilibrium price. B. occurs when the market price is set below the equilibrium price. C. is the loss of total surplus that results when the quantity of a good that is bought and sold is below the market equilibrium quantity. D. All of these are true.