In 1992, Britain and Italy __________ the European Monetary System and __________ against the other major European currencies
A) joined; fixed their currency
B) joined; let their currency float
C) left; fixed their currency
D) left; let their currency float
D
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The solvency of Social Security can be extended if
A. the tax rate is reduced. B. the trust fund invests in government bonds. C. the retirement age is reduced. D. the cap on taxable earnings is raised.
Which of the following factors would not be considered by a technical analyst when predicting a firm's stock price?
a. a large drop in the stock price yesterday b. a "head and shoulders" pattern in the recent movements of the stock's price c. the likely success of the firm's new product line d. the probable behavior of other buyers and sellers of the stock e. a large jump in the stock's price last week
According to the Keynesian view, if policy makers thought the economy was about to fall into a recession, which of the following would be most appropriate?
a. a reduction in government expenditures and/or an increase in taxes b. an increase in government expenditures and/or a reduction in taxes c. make no policy changes because market forces will assure the maintenance of full employment. d. maintain a balanced budget
Economists describe the stock market as being a ______.
a. wild ride b. random walk c. leisurely stroll d. dead run