Economists who focus on long-run growth suggest that the government could lower taxes on labor income in order to increase employment

If the forward exchange rate of the yen in terms of dollars is greater than the spot exchange rate,

A) Japanese interest rates must be higher than U.S. interest rates. B) U.S. interest rates must be higher than Japanese interest rates. C) market participants must be expecting the dollar to appreciate against the yen. D) market participants must be expecting the dollar to depreciate against the yen.

The idea of bounded rationality is used to address all of the following characteristics EXCEPT

A) unbounded selfishness. B) unbounded knowledge. C) unbounded willpower. D) unbounded rationality.