During the housing boom, the demand for mortgage-backed securities in the global market ______.
a. was very low
b. was very high
c. stemmed from high interest rates
d. was eliminated by tariffs
b. was very high
Economics
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An economist who would most likely use active policy making would support which of the following conclusions?
A) Demand shocks have little or no short-run effects on real Gross Domestic Product (GDP) and unemployment. B) Pure competition is not typical in most markets. C) Price flexibility is common in most markets. D) Supply shocks explain most business cycles.
Economics
A loaf of bread purchased by one of your instructors would be best described as
A) an intermediate good. B) a financial asset. C) a used good. D) a final good.
Economics