According to the authors of your text, a politician's interest in getting reelected
A) expands the politician's time horizon.
B) leads the politician to concentrate on policies capable of generating short-run benefits.
C) further encourages the politician to conform more to acting in the public interest.
D) is based chiefly on selfish interest.
B
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U.S. residents come to believe that the dollar will depreciate in the future, that is, the exchange rate in the future will be lower than the current exchange rate. As a result
A) the demand curve for dollars shifts rightward. B) the demand curve for dollars shifts leftward. C) there is a movement upward along the demand curve for dollars. D) None of the above answers are correct.
A price ceiling ________
A) makes it illegal to charge a higher price than the specified price B) is more effective when it is higher C) is necessary to maintain market equilibrium D) occurs in housing markets only