Mortgage-backed securities are large blocks of mortgages which have been repackaged into ________ and sold to pension funds and other large investors

The table above gives a nation's investment demand and saving supply schedules. It also has the government's net taxes and expenditures. The loanable funds market is in equilibrium when the real interest rate is

A) 7 percent B) 4 percent. C) 3 percent D) 6 percent. E) 5 percent.

Traffic congestion is an example of

A) a shortage of roadway space. B) a surplus of automobiles. C) a surplus of drivers. D) a surplus of people.