The Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association were established by Congress in order to regulate banks that buy and sell mortgage-backed securities

The supply of beach front property on St. Simon's Island is

A) elastic. B) unit elastic. C) negative. D) inelastic. E) perfectly elastic.

The following statements about the business cycle are correct except ______

A. it is a regular predictable cycle in real GDP around potential GDP B. from the peak to the trough, the economy is in a recession C. from the trough to the peak, the economy is in an expansion D. it is a periodic movement in economic activity including employment