Collateralized debt obligations are
A) like mortgage-backed securities except that the slices are equal.
B) like mortgage-backed securities except that the slices are unequal.
C) an asset for persons who buy them.
D) b and c
E) a and c
D
Economics
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The Keynesian model
a. assumes a stable, downward sloping Phillips curve in the short run. b. implies a horizontal Phillips curve in the long run. c. shows that the Phillips curve is can be downward or upward sloping in the short run. d. differs from Friedman's analysis pertaining to the vertical long-run Phillips curve.
Economics
Which of the following countries has experienced the worst hyperinflation since 2005?
a. Brazil b. Russia c. China d. Zimbabwe
Economics