Briefly explain the process of securitizing mortgages
What will be an ideal response?
The mortgage lender sells the loan to a government-sponsored enterprise or financial firm that bundle the mortgage with mortgages from other lenders, providing the basis for a mortgage-backed security.
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Changes in the natural rate of unemployment are related to changes in the composition of the labor force and to the changes in the productivity of the economy over time
Indicate whether the statement is true or false
"All available information" in the definition of rational expectations means that
a. agents use all possible information that could be out there. b. agents use all possible public information that could be out there. c. agents use all information that is relevant. d. agents use all information that is available in which the marginal benefits of the information are greater than the marginal costs of gathering the information.