A home mortgage is a particular type of loan used to buy a house where the house serves as the collateral for the mortgage.

Rational expectations theory is the concept that only unanticipated or surprise policies can influence inflation

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

Economists before Keynes assumed that equilibrium GDP occurred

A. automatically. B. only with the help of government stabilization. C. if spending was generally greater than output. D. only in socialist economies with central planning.