"The short-run Phillips curve is vertical at the natural unemployment rate." Is the previous statement correct or incorrect?

Jake opens a pig farm in Idaho. To start his farm, he uses his entire $50,000 of savings from his savings account. The bank was paying him $2,500 interest on his saving. Explain why the $2,500 is one of Jake's costs

What will be an ideal response?

Mortgage-backed securities are similar to ________ but the interest and principal payments are backed by the individual mortgages within the security

A) bonds B) stock C) repurchase agreements D) negotiable CDs