The sharp rise in the debt-to-GDP ratio in 2008-2009
a. was exclusively automatic due to the effect of declining income on government outlays and tax revenues.
b. was exclusively due to an aggressive fiscal policy.
c. was exclusively due to military expenditures.
d. was partly automatic due to the effect of declining income on government outlays and tax revenues, and partly due to an aggressive fiscal policy.
e. was exclusively due to foreign aid expenditures.
D
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An unexpected rise in Retail Sales should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
Choose the letter of the curve in Figure 1.2 that best represents a production possibilities curve for two goods for which there are constant opportunity costs:
A. A. B. B. C. C. D. D.
In a PEST analysis, 'High disposable income' would be classed as:
Political factor Economic factor Social factor Technological factor
Which of the following cognitive biases refers to people's tendency to attribute their successes to personal ability and effort, and failures to forces outside their control?
A. Overconfidence effect. B. Confirmation bias. C. Self-serving bias. D. Hindsight bias.