During the Great Recession, securitization:
a. Permitted mortgage originators to shift the negative impact of their underwriting mistakes to investors.
b.Was one of the only sources of relief for investors who were suffering heavy losses on their mortgage investments.
c. Was one of the main strategies used by the Federal Reserve to cure the economic downturn.
d. Was caused by excessive money creation by the Federal Reserve immediately before and during the downturn.
e. None of the above.
Question 2
If the U.S. government repaid its multitrillion debt by printing (i.e., creating) new money, the effect would be to:
a. Lower nominal interest rates.
b. Increase aggregate demand, reduce unemployment, and reduce the nation's price level.
c. Increase the real risk-free interest rate.
d. Wildly inflate prices.
Chihuahua mix and purebred Great Dane
negative feedback
Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a
The Great Spike in World Population Growth
End Moraines of the Great Lakes Region