Fiscal policy may be mistimed due to
A. the jet lag.
B. the putting lag.
C. the impact lag.
D. All of these.
Answer: C
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Which of the following is the best example of a voluntary export restraint?
A) a $5,000 per-car fee imposed on all sports utility vehicles imported into the United States B) a subsidy granted by the U.S. government to domestic sports utility vehicle manufacturers so they can compete more effectively with foreign sports utility vehicle manufacturers C) a tax placed on all sports utility vehicles sold in the domestic market D) a limit set by the Japanese government on the number of sports utility vehicles that the United States can import from Japan
If home prices are falling, consumers purchasing a home will find their purchasing power of money has increased. This benefit to consumers is called the:
A. inflation effect. B. wealth effect. C. home equity effect. D. multiplier effect.
Which of the following statements is true about illegal immigration?
A. Illegal immigrants are often willing to work for less pay, keeping costs and prices for consumer goods and services lower. B. Illegal immigration reduces wages for U.S. workers who are complementary inputs. C. Illegal immigration tends to reduce wages less for previous immigrants than for native-born workers. D. All of these.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C