Actions taken by investors who sell a country's currency in anticipation of buying it back later at a lower price is known as
A) purchasing power parity. B) destabilizing speculation.
C) currency arbitrage. D) exchange rate manipulation.
B
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The expenditure multiplier is typically
A) equal to 1. B) greater than 1. C) negative. D) less than 1 but greater than 0. E) greater than 10.
The reason why economists do not use experimental data more frequently is for all of the following reasons except that real-world experiments
A) cannot be executed in economics. B) with humans are difficult to administer. C) are often unethical. D) have flaws relative to ideal randomized controlled experiments.
An example of non discretionary policy making is
A) a rule under which the Fed targets the inflation rate. B) expansionary fiscal policy. C) changes in the interest rate initiated by the Fed. D) a Congressional tax-rate cut aimed at boosting real GDP.
Participating nations in the 1997 Kyoto Protocol agreed to reduce overall greenhouse gases emission through 2020 to
A) as much as 20 percent below the levels in the 1990s. B) as much as 5 percent below the levels in the 1990s. C) as much as 50 percent below the levels in the 1990s. D) as much as 50 percent below the levels in the 1960s.