Which of the following is likely to be present in a perfectly competitive market structure?

Borrowers who stated but did not document their incomes are referred to as:

A) subprime B) alt A C) adjustable D) securitized

Suppose workers expect the inflation rate to be 3.6 percent and they receive a nominal wage increase of 7.5 percent. If the actual inflation rate turns out to be 2.8 percent, workers will receive a lower real wage than expected

a. True b. False Indicate whether the statement is true or false