Which presidential candidate made this pledge: "Read my lips: no new taxes"?
A. Gerald Ford (1974)
B. Jimmy Carter (1976)
C. Ronald Reagan (1980)
D. George H.W. Bush (1988)
D. George H.W. Bush (1988)
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An increase in expected future disposable income ________ consumption expenditure and ________
A) increases; shifts the consumption function downward B) increases; shifts the consumption function upward C) decreases; shifts the consumption function upward D) increases; results in a movement upward along the consumption function E) decreases; shifts the consumption function downward
Deficits financed by borrowed money lead to inflation, and in a fixed or crawling peg exchange rate system, this leads to the real exchange rate being undervalued
Indicate whether the statement is true or false
Experimental data are often
A) observational data. B) binary data, in that the subject either does or does not respond to the treatment. C) panel data. D) time series data.
Suppose the euro-yen exchange rate falls while the dollar-yen exchange rate rises. What happens to the price of goods imported into Japan?
A. European goods become more expensive while U.S. goods become cheaper. B. European goods become cheaper while U.S. goods become more expensive. C. Both European and U.S. goods become cheaper. D. Both European and U.S. goods become more expensive.